| Main capital allowances |
| Plant and Machinery |
2008-2009 |
2007-2008 |
| Writing down allowance (reducing balance) |
20% pa |
25% pa |
| Long life assets / integral features and thermal insulation |
10% pa |
- |
| First year allowance (FYA) for expenditure incurred by small/medium-sized businesses* |
|
50%/40% |
| * For 2008/09 FYA replaced by new annual investment allowance of 100% pa, limited to first £50,000 of expenditure in general pool. |
|
| Motor Car |
| Writing down allowance (reducing balance) |
25% pa, max |
£3,000 pa |
| New car registered on or after 17.4.02 emitting up to 120 g/km of CO2 emissions* or electrically propelled |
100% |
100% |
| * Reduced to 110g/km for 2008/09, with transitional rules for leasing contracts before 1 April 2008. |
|
| Enterprise Zone Buildings and Scientific Research |
100% initial allowance |
|
| Industrial and Agricultural Buildings |
2008-2009 |
2007-2008 |
| Writing down allowance (straight line) |
3% pa |
4% pa |
