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Main Capital Allowances 2008/09

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 100%
(excludes cars and expenditure already qualifying for 100% first year allowance)

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

Other plant and machinery (cars maximum WDA £3,000) 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%