ARTICLE · 04 FEBRUARY 2013

Capital Allowances - January 2013

Smith & Williamson

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This briefing note discusses the current capital allowance environment and the practical issues in applying recent changes.

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Smith & Williamson

1. INTRODUCTION

This briefing note discusses the current capital allowance environment and the practical issues in applying recent changes. There have been significant developments in capital allowances since Finance Act 2008. This briefing note contains a table summarising the rates available. The note excludes the capital allowance aspects of North Sea oil & gas 'ring fence'.

2. TABLE SUMMARISING RATES OF RELIEF FOR QUALIFYING FIXED ASSET EXPENDITURE

Type of allowance	From April 08	From April 09	From April 10	From April 12
	% allowance	% allowance	% allowance	% allowance
Land Remediation Relief	150	150

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