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Capital Allowances

2015 -16
2014 – 15
Plant and Machinery

–       Main writing down allowance

–       Long life assets, integral fixtures

–       First year allowances (certain environmentally efficient products)

 

18%

8%

100%

18%

8%

100%

 

–       R&D tax credits SME scheme

–       R&D tax credits Large Companies Scheme*

–       Annual Investment Allowance**

 

230%

130%

£500,000

225%

130%

£500,000

Cars

–       CO2 emissions up to and including 130g/km***

–       CO2 emissions over 130g/km

18%

8%

 

18%

8%

 

* Alternatively, an Above The Line (ATL) tax credit of 10% is available by election.
The expenditure credit scheme will run alongside the current large company scheme until 31 March 2016 when the large scheme will cease.
**The AIA maximum limit of £500,000 will stop on 31 December 2015 and the AIA will revert to £25,000 unless further changes are announced in the future.
*** 2014-15: A rate of 100% was applied to cars with CO2 emissions of 95g/km or less.