Budgets and Pre-Budget Reports |
Further information can be found below on changes to capital allowances legislation in recent Budgets and Pre-Budget Reports.
Emergency Budget 2010
 |
Capital allowances rules for qualifying carers Legislation will be introduced to correct current anomalies for foster careers |
 |
Reduction in plant and machinery writing-down allowances and Annual Investment Allowance Rate for main pool plant and machinery expenditure to decrease from 20% to 18%, and special rate to decrease from 10% to 8% |
 |
First-year allowances on zero-emission goods vehicles A 100% first-year allowance (FYA) will be provided for business expenditure on new and unused zero-emission goods vehicles. |
Pre-Budget Report 2009
 |
Capital allowance rich companies - change of ownership The measures target the buying of a company where the tax written down value of the relevant plant/machinery exceeds the balance sheet value. |
 |
Electric vans: 100% first-year allowances Legislation is to be introduced to provide a 100% first-year capital allowance for expenditure incurred on new electric vans. |
 |
Plant & machinery leasing - anti-avoidance The measures apply to capital expenditure incurred, disposal events occurring and rent rebates payable on or after 9 December 2009. |
Budget 2009
 |
Capital allowances Includes changes to the Enhanced Capital Allowances legislation, the temporary provision of a First Year Allowance for all business and changes to Land Remediation Relief. |
Pre-Budget Report 2008
 |
Contaminated Land Relief An extension to Contaminated Land Relief proposed in December 2007, to include remediating long term derelict land, land contaminated by Japanese Knotweed and extending the list of qualifying expenditure where works are carried out by sub-contractors. |
Budget 2008
 |
Capital allowances A summary of all the major changes that took place, including the Integral Features legislation, change in main pool rate and introduction of the Annual Investment Allowance. |
