Commentary

B3.320 Introduction—plant and machinery allowances first-year qualifying expenditure

Business tax
Business tax | Commentary

B3.320 Introduction—plant and machinery allowances first-year qualifying expenditure

Business tax | Commentary

Expenditure qualifying for first-year allowances

B3.320 Introduction—plant and machinery allowances first-year qualifying expenditure

For the latest New Development, see ND.1901.

A taxpayer can claim a 100% first-year allowance in respect of qualifying expenditure if it falls within any of the categories listed below (ie it is 'first-year qualifying expenditure')1.

Type of expenditureDate expenditure incurred
Energy-saving plant and machinery. See B3.3242.From 1 April 2001–6 April 2020 (1 April 2020 for corporation tax purposes)
Plant and machinery for use in a ring-fence trade. See B3.324C3.From 17 April 2002
Cars with low CO2 emissions. See B3.324A4.17 April 2002–31 March 2025 —

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