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Capital Allowances


Capital allowances are a type of tax relief for businesses. They let you deduct some or all of the value of an item from your profits before you pay tax.

You can claim capital allowances on:

  • equipment
  • machinery
  • business vehicles, for example vans, lorries or business cars

These are known as ‘plant and machinery’.

Types of capital allowances for plant and machinery

You can claim different amounts, depending on which capital allowance you use.

The capital allowances (also known as plant and machinery allowances) are:

If an item qualifies for more than one capital allowance, you can choose which one to use.

Other capital allowances

As well as plant and machinery, you can also claim capital allowances for:

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