| Plant and machinery with expected life less than 25 years |
| Writing down allowance *† |
25 |
|
First year allowances
Small enterprises ‡
|
qualifying expenditure between 1 April 2006 and
31 March 2007 for enterprises subject to corporation tax |
50 |
| qualifying expenditure between 6 April 2006 and 5 April 2007 for other enterprises |
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 allowance |
|
| 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 # |
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 