| Plant and machinery with expected life less than 25 years |
| Writing down allowance *† |
25
|
|
First year allowances
Small enterprises
|
qualifying expenditure between 1 April 2004 and
31 March 2005 |
50
|
| Small and medium sized enterprises‡ |
40
|
|
All enterprises
|
| designated energy saving plant and machinery |
100
|
| new electric cars and low emission cars § |
100
|
refuelling equipment for vehicles using natural gas or
hydrogen fuel § |
100
|
| environmentally beneficial plant and machinery |
100
|
| plant used in oil extraction trade |
100
|
Plant and machinery with expected life 25 years or more |
| writing down allowance¶ |
6
|
| First year allowances |
|
| plant used in oil extraction trade† |
24
|
| Plant and machinery for overseas leasing |
| writing down allowance† |
10
|
| Industrial and agricultural buildings, hotels, sports pavilions, dredging and highway concessions |
| writing down allowance |
4
|
Enterprise zone buildings |
| initial allowance |
100
|
| writing down allowance |
25
|
Flat conversion allowance x |
initial allowance
|
up to 100
|
| writing down allowance |
25
|
Research and development |
100
|
UK film production and acquisition ‡ |
100
|
| Patent rights and know how± |
| writing down allowance† |
25
|
Company tax credits |
| Research and development § |
| small and medium sized enterprises (SME) # |
150%
|
| large companies ƒ |
125%
|
| Loss making SMEs can surrender deduction for a payment of 16% of the amount surrendered (subject to conditions) |
Cleaning up contaminated land and buildings |
150%
|
|
Intangible assets (including intellectual property and goodwill)
- relief for companies for expenditure on creation, acquisition and enhancement of intangible assets
- based on accounts amortisation or
- by election at a fixed rate of 4% per annum
|
Business Advice 