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form
Copyright © 2009
B W Whiffin & Co Ltd
Chartered Certified Accountants & Chartered Tax Advisers,
Kelvedon, Essex
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2009 / 10
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2008 / 09
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| Plant & Machinery |
.
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.
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| - annual investment allowance (1) |
100%
|
100%
|
| - temporary 1st year allowance |
40%
|
n/a
|
| - annual allowance (2) |
20%
|
20%
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| - long life assets (2) |
10%
|
10%
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| Integral fixtures (2) |
10%
|
10%
|
| Limits on allowances for expensive cars |
n/a
|
£12,000
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| Cars under limit - annual allowance (2) |
n/a
|
20%
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| Cars over limit - maximum allowance per annum |
n/a
|
£3,000
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| Cars - CO2 emissions up to 160g/km |
20%
|
n/a
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| Cars - CO2 emissions over 160g/km |
10%
|
n/a
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| Cars - CO2 emissions up to 110g/km |
100%
|
100%
|
| Industrial buildings - annual allowance |
2% cost
|
3% cost
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| Agricultural buildings and works - annual
allowance |
2% cost
|
3% cost
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| Certain renovations & conversions (3) |
100%
|
100%
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| Research & Development |
100%
|
100%
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| Energy and water-efficient plant and machinery
(4) |
100%
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100%
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Note - All new allowances effective from 1 April 2008 for companies
and 6 April 2008 for other businesses.
(1) Rate applies to first £50,000 of expenditure (reduced
pro-rata for accounting period shorter than a year).
(2) Reducing balance
(3) Special anti-avoidance measures apply
(4) These take precedence over the Annual Investment Allowance
and do not use up the £50,000 limit.
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