| Allowance % |
| Plant and machinery |
|
| - annual investment allowance £100,000* |
100 |
| - certain energy efficient plant, including low emission cars |
100 |
| - writing down allowance: general pool |
20 |
| - writing down allowance: special rate pool |
10 |
| *£50,000 to 31.3.10 (companies) or 5.4.10 (income tax traders) |
|
| The special rate pool includes long life assets, integral plant in buildings, thermal insulation and cars with CO2 emissions over 160g/km. The general pool contains other plant and machinery. |
|
| The old system of cheap/expensive cars has been abolished, but transitional rules cover existing expenditure before April 2009. |
|
| Industrial building allowances are being phased out: 4% in 2007/08; 3% in 2008/09; 2% 2009/10; 1% 2010/11; nil thereafter. |