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Claim capital allowances so your business pays less tax when you buy assets - equipment, fixtures, business cars, plant and machinery, annual investment allowance, first year allowances.
Capital allowances are a type of tax relief for businesses. They let you…
You can claim capital allowances on items that you keep to use in your…
You can deduct the full value of an item that qualifies for annual…
If you buy an asset that qualifies for 100% first year allowances you can…
There are 2 types of temporary first year allowances: the super-deduction…
You can claim capital allowances on cars you buy and use in your business.…
Claim capital allowances on your: Self Assessment tax return if you’re a…
Guidance and forms covering how to claim capital allowances. Including allowances for structures, buildings, plant and machinery, and selling assets.
How to work out your writing down allowances. Work out main rate pools, special rate pools, single asset pools, small pools allowance, long life assets, short life assets
‘Writing down allowances’ are one type of capital allowance. They let you…
To claim writing down allowances, group items into pools depending on…
What you can claim under writing down allowances depends on what ‘pool’…
Selling or giving away an asset you claimed capital allowances on - balancing charges, balancing allowances, closing your business, how to claim and pay tax on your tax return
Definition of capital allowances, how allowances are made and how to claim.
If you build, buy or lease a structure and all construction contracts were signed on or after 29 October 2018, you may be able to claim tax relief.
Find out if you can claim the enhanced capital allowance relief on qualifying expenditure for plant and machinery in a UK Freeport or Investment Zone special tax site.
If you're a company, find out if you can claim the super-deduction or special rate first year (SR) allowance on plant or machinery costs.
Guidance for claiming annual investment allowance, small pools allowance and writing down allowance for accounting periods that are more or less than a year.
This tax information and impact note outlines the introduction of full expensing for companies investing in plant and machinery from 1 April 2023 until 31 March 2026.
A new 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets.
How to work out the balancing charge when you dispose of or sell plant or machinery after claiming allowances for them.
Get help if you’re a tax agent or adviser who has clients with capital allowances for plant and machinery to declare on Self Assessment and Company Tax returns.
Find out how much you can claim for super-deduction or special rate first year (SR) allowances and how to claim.
If you’re a company, find out if you can claim full expensing or the 50% first year allowance on plant or machinery costs.
This tax information and impact note outlines permanent full expensing for companies investing in plant and machinery.
Use Self Assessment helpsheet HS252 to help you fill in the capital allowances boxes on your tax return.
This measure introduces the new rate of Structures and Buildings Allowance for capital allowances from April 2020, some technical changes take effect from 11 March 2020.
This measure introduces changes to the existing allowance statement for structures and buildings allowance.
Use these rates and allowances for Capital Gains Tax to work out your overall gains above your tax-free allowance (known as the annual exempt amount).
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