Written by Ray Coman
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2019-20 | 2018-19 | Note |
Plant and machinery | |||
Annual investment allowance | 100% | 100% | A |
Long life assets and integral features | 6% | 8% | B |
Other assets | 18% | 18% | B |
First year allowances | 100% | 100% | C |
Cars: CO2 emissions (g/km) | |||
50 or less | 100% | 100% | |
51 - 110 | 18% | 18% | B |
Over 110 | 6% | 8% | B |
Structures and buildings | 2% | 2% | D |
A Maximum annual investment allowance £1m pa from 1 January 2019 to 31 December 2020 (£200,000 pa to 31 December 2018 and from 1 January 2021).
B Reducing balance
C Available for: research and development (no time limit); enterprise zone (assisted areas) until designated dates between 31 March 2020 and 16 March 2024; energy saving and environmentally beneficial (water efficient) technologies until 31 March 2020/5 April 2020; brand new low emission cars and gas refuelling stations until 31 March 2021; zero-emission goods vehicles until 31 March 2021/5 April 2021; and electric vehicle charge points until 31 March 2023/5 April 2023.
D Expenditure on non residential structures and buildings on construction contracts entered into on or after 29 October 2018.