Tax Tables 2008/09

Capital Allowances

Plant and Machinery:

Energy saving and environmentally beneficial equipment, electric and low CO2 emission (up to 110 g/km) cars, natural gas/hydrogen refuelling equipment:  first year allowance 100%

Annual investment allowance (AIA) – on first £50,000 of investment not already qualifying for 100% first year allowance 100%

Writing down allowance (WDA) on expenditure not qualifying for AIA:
Long-life assets, integral features of buildings 10%

Cars costing more than £12,000 25% (max £3,000)

Other plant and machinery (including cars up to a maximum cost of £12,000) 20% 

Buildings:

Industrial and agricultural buildings and hotels WDA (on building cost) 3%

Enterprise Zone allowance, conversion of parts of business premises into flats, business premises renovation: max initial allowance 100%

 
Whilst every effort has been made to ensure that the articles on MSN Money Tax Advice provide accurate and expert guidance, it is impossible to predict all the circumstances in which this information may be used. Accordingly, neither the publisher, author, MSN or Tax Buddies Limited shall be liable to any person or entity with respect to any loss or damage caused or alleged to be caused by the information contained in or omitted from articles on MSN Money Tax Advice. The law stated is that of England and Wales except where indicated otherwise.