Capital Allowances

Capital Allowances – are you taking full advantage of the allowances available to you?


Are you thinking of purchasing a new motor van? Do you need to invest in some plant and machinery?


The Annual Investment Allowance was set at a permanent rate of £200,000 from 1 January 2016. This means 100% of the first £200,000 of investment in qualifying assets is allowed against taxable profits.  Annual Investment Allowance is available to all sole-traders, partnerships and companies with qualifying items including commercial vehicles and plant and machinery.


100% first year allowances are also available for cars with low CO2 emissions of 75g/km or less or if the car is electric.


Book an appointment with CP Accountancy Ltd now to discuss any tax planning options available to you. 0116 230 3973.