C

    Corporation tax - Capital allowances - General principles - 4000

    Expenditure incurred on the acquisition of capital assets is not allowable as a deduction in the calculation of the adjusted profits of a business. Similarly, any depreciation given in the accounts must...

    Corporation tax - Capital allowances - Types of asset - 4295

    Principally there are three categories of assets: - plant and machinery; - buildings; and - intangible assets. Each of these categories are further split but the categorisation between buildings...

    Corporation tax - Capital allowances - Plant and machinery - 4420

    Once an item has been classed as being plant or machinery its treatment will differ based on what particular category it is allocated to. This may result in the asset being held in a pool of expenditure...

    Corporation tax - Capital allowances - Plant and machinery - II. Pools - Allowances available - Annual investment allowance - c. Amount of the allowance - 4810

    The allowance is given at the rate of 100%, up to a maximum amount of expenditure. The maximum level of expenditure covered has changed a number of times since the allowance's introduction, with...

    Corporation tax - Capital allowances - Plant and machinery - IV. Assets for leasing - Long funding leases - Exclusions - 5245

    The following are specifically excluded from the LFL provisions (and are taxed under the non-LFL provisions (¶5400)): - leases that fall within the de minimis limits (¶5250); - short leases...

    Corporation tax - Capital allowances - Buildings - 5560

    Over the years there have been a number of allowances available for buildings. For expenditure incurred on or after 29 October 2018 a new structures and buildings allowance was introduced. The previous...

    Corporation tax - Capital allowances - Sundry capital allowances - 5830

    This section deals with capital allowances of a more specialist nature. Unless otherwise indicated, the general rules for calculating and giving relief for allowances apply (¶4000). For information about...

    Debunking clients’ preconceptions can lead to CAs savings

    You believe a new client has substantial unclaimed capital allowances in respect of commercial premises. The client is convinced that these can’t be claimed due to previous poor advice and preconceptions....

    Business taxes - Capital allowances - Structures and buildings allowance

    Structures and buildings allowanceThe new rate of tax deduction for the structures and buildings allowance (SBA) will apply from:1 April 2020 for businesses within the charge to CT; and6 April...

    Capital allowances

    Capital allowances Rates2018/192019/202020/21First year and initial allowancesLow emission cars (less than 50g/km since 1 April 2018)100%100%100%Zero emission goods vehicles and gas refuelling equipment...