Plant & Machinery – Annual Investment Allowances
The AIA allowance gives 100% relief on most types of plant & machinery brought in the year.
The rate of the AIA has changed radically over the years.
From 1 January 2021 £200,000
1 January 2019 £1,000,000
1 January 2016 £200,000
1/6 April 2014 £500,000
1 January 2013 £250,000
1/6 April 2012 £25,000
Plant & Machinery Pools
The standard rate of allowances for pooled assets is 18%.
An 6% rate applies to expenditure incurred on integral features and on long life assets.
100% first year allowance may be available on certain energy efficient plant and cars, including expenditure incurred on new and unused zero emission goods vehicles.
Cars purchased between from 1 April 2018/ 5 April 2018 if a sole trader or partnership
2018/19 to 2020/21
FYA for electric cars or if CO2 emissions are 50g/km or lower 100%
WDA if CO2 emissions are between 50g/km and 110g/km 18%
WDA (second-hand vehicles) if CO2 emissions are less than 110g/km 18%
WDA if CO2 emissions exceed 110g/km 6%
If you have any questions or would like further information please call on 01527 433111 or 0121 289 4433