Capital allowances

Please note: capital allowances guidance from HM Revenue & Customs can be found on the GOV.UK website. We provide links to the key information below.

Claim capital allowances
Claim capital allowances so your business pays less tax when you buy assets - equipment, fixtures, business cars, plant and machinery, annual investment allowance, first year allowances

Work out your capital allowances
How to work out your capital allowances - writing down allowances, main rate pools, special rate pools, single asset pools, small pools allowance, long life assets, short life assets

Capital allowances when you sell an asset
Selling or giving away an asset you claimed capital allowances on - balancing charges, balancing allowances, closing your business, how to claim and pay tax on your tax return

Annual investment allowance: limit changes during accounting periods
There are special rules to follow if the maximum amount of annual investment allowance (AIA) changes in the period you draw up accounts for

Plant and machinery: allowances on fixtures when there's a change of ownership
Capital allowances you can claim on plant and machinery when you buy a building with fixtures

Business Premises Renovation Allowance (BPRA)
BPRA lets business investors claim tax allowance for 100 per cent of the amount you invest when you convert or renovate empty business premises

Capital allowances manual
This manual gives guidance on capital allowances

Capital allowances and balancing charges: HS252 Self Assessment helpsheet
Help with filling in the capital allowances boxes on your tax return

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