CA10020 - Scope of manual
This manual contains guidance about capital allowances.
Capital allowances let taxpayers write off the cost of certain capital assets against taxable income. They take the place of depreciation charged in the commercial accounts, which is not normally deductible for tax purposes.
Not every type of capital expenditure qualifies for capital allowances. For example, expenditure on the following does not qualify:
- commercial buildings (apart from expenditure on buildings qualifying for Enterprise Zone Allowances, Research & Development Allowances or Business Premises Renovation Allowances)
- residential buildings
- some intangibles, such as trade marks and goodwill.
The capital allowances currently available are given for capital expenditure on:
||see CA20000 onwards|
||see CA43000 onwards|
||see CA45000 onwards|
||see CA50000 onwards|
||see CA60000 onwards|
||see CA70000 onwards|
||see CA75000 onwards|
||see CA80000 onwards|
||see CA85000 onwards|
Capital allowances for the following were abolished with effect from 1 April 2011 for corporation tax purposes and 6 April 2011 for Income tax purposes
|industrial buildings, qualifying hotels and commercial buildings in enterprise zones||see CA30000 onwards|
|agricultural buildings and works||see CA40000 onwards|