Wrigley Partington

Chartered Accountants & Business Advisors

Business Allowances

Tax and accountancy

Capital Allowances

Motor Cars

   
- over 130g/km  8% Special rate pool
- less 130g/km  18% Plant & Machinery pool
- up to 75g/km  100% First year allowance
Plant and Machinery    
Annual Investment Allowance 100% First £200,000 (excludes cars) from 1 January 2016 (companies) - previously £500,000
     
Writing down allowance (WDA):    
- integral features & long life assets 8% On reducing balance
- other plant & machinery 18% On reducing balance
Energy-saving technologies 100% First year allowance
Patent rights & know how 25% On reducing balance
     
Research & Development (R&D)    
Enhancement rate of relief up to 31 March 2016 (no relief after 1 April 2016) 130% On qualifying costs
Expenditure credit rate  11% R&D tax credits
     

Address

Wrigley Partington Chartered Accountants

Sterling House

501 Middleton Road

Chadderton, Oldham

OL9 9LY