0113 246 1234

Capital Allowances

2015 -16 2014 - 15
Plant and Machinery 18% 18%
-       Main writing down allowance 8% 8%
-       Long life assets, integral fixtures 100% 100%
-       First year allowances (certain environmentally efficient products)    
  230% 225%
-       R&D tax credits SME scheme 130% 130%
-       R&D tax credits Large Companies Scheme* £500,000 £500,000
-       Annual Investment Allowance**    
-       CO2 emissions up to and including 130g/km*** 18% 18%
-       CO2 emissions over 130g/km 8% 8%

* Alternatively, an Above The Line (ATL) tax credit of 10% is available by election.

The expenditure credit scheme will run alongside the current large company scheme until 31 March 2016 when the large scheme will cease.

**The AIA maximum limit of £500,000 will stop on 31 December 2015 when the AIA will change to a new permanent limit of £200,000.

*** 2014-15: A rate of 100% was applied to cars with CO2 emissions of 95g/km or less. Universities and charities will be unable to claim R&D tax credits for expenditure after 1 August 2015.


In preparing and maintaining this section of our website every effort has been made to ensure the content is up to date and accurate. However, the law and regulations change continually and unintentional errors can occur and the information may be neither up to date nor accurate. We make no representation or warranty (including liability towards third parties), express or implied, as to the accuracy, reliability or completeness of the information on the website. Please don’t act directly on anything you read - contact us first for advice on how it may affect your individual circumstances.