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Home Resource Centre Tax Tables Capital Allowances

Tax Tables

Capital Allowances

 

 

2020/21

2019/20

2018/19

 

 

£

£

£

Annual Investment Allowance

 

£1,000,000 / £200,000*

£1,000,000

£200,000

 

 

%

%

%

Main Writing Down Allowance

 

18

18

18

Special Rate Writing Down Allowance

 

6

6

8

Structures and Buildings Allowance

 

3

2

n/a

Patent rights and know how**

 

25

25

25

Research & development

 

100

100

100

Energy saving and water efficient plant & machinery

 

0***

100

100

Plant/machinery for gas refuelling station

 

100

100

100

Electric Vans

 

100

100

100

         

Cars

 

 

 

 

New and unused Cars with CO2 emissions up to 50 g/km (or electric)

 

100

100

100

New and unused Cars with CO2 emissions between 51 and 110 g/km

 

18

18

18

Second hand, CO2 emissions are 110g/km or less (or electric)

 

18

18

18

New or Second hand, CO2 emissions are above 110g/km

 

6

8

8

         

*£1 million rate for period 01 January 2019 to 31 December 2020
**Businesses not chargable to corporation tax
***From 1 Apr 2020 for Incorporated and from 6 Apr 2020 for unincorporated businesses, environmental enhanced capital allowances


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