skip to navigationskip to main content

Tax Rates & Allowances

Back to Tax Rates & Allowances

Capital Allowances

2019/2020 2020/2021
Main rate pool: writing down allowance 18% 18%
Special rate pool (long life assets, integral features): writing down allowance 6% 6%
Annual Investment Allowance (AIA) cap: £1,000,000 £1,000,000
Structures and Buildings Allowance 2% 2%

Expenditure within the AIA qualifies for 100% allowance in the year of purchase. The AIA cap is currently £1,000,000 from the 1st January 2019 for two years. On the 1st of January 2021 the AIA limit is expected to be reduced to £200,000 again. If the accounting period is shorter or longer than 12-months the AIA cap is apportioned based on the length of the period.

The AIA allows businesses to invest in equipment and fixtures (cars and buildings don't qualify), with 100% tax relief in the year of purchase.

Working with you

Whether you're starting from scratch or have been in business for years you'll benefit from working with Trio Accountancy Services advice on how to take you to the next level.

fixed-quote-man.jpg

About us

We work closely with our clients and act for a broad range of business....

business-advice-couple.jpg

Get in touch

Simple way to contact us. Just fill in a simple form.

free-consultation-couple.jpg

Our services

Find out details about what we can do
for you.