A person is entitled to a maximum allowance, known as an 'annual investment allowance' ('AIA'), of £200,000 for expenditure incurred on or after 1 January 2016 (or £1,000,000 for expenditure incurred during the period of two years beginning with 1 January 20191), in respect of AIA qualifying expenditure if:
(1) the expenditure is incurred in a chargeable period2 on or after the relevant date3; and
(2) the person owns the plant or machinery at some time during that period4.
Qualifying expenditure5 is AIA qualifying expenditure if it is incurred by a qualifying person6 on or after the relevant date, and
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234