Budget 2017 – Capital Allowances Changes

BUDGET 2017 – CAPITAL ALLOWANCES CHANGES

In Philip Hammond’s first Autumn Budget, there were a few tweaks to capital allowances, as noted below. Of more interest may be the removal of CGT indexation for companies and for non-resident landlords, the move into the corporation tax regime. Enhanced Capital Allowances (ECA) The list of designated energy-saving technologies qualifying for an ECA, will … Read more

Budget 2014 – Capital Allowances Changes

BUDGET 2014 – CAPITAL ALLOWANCES CHANGES

In a generally positive Budget, a number of changes were announced as follows: Annual Investment Allowance (AIA) The 100% AIA was due to fall to £25,000 on 1 January 2015. It has now been increased from £250,000 to £500,000, covering the period from April 2014 to31 December 2015. There are transitional provisions, the impact of … Read more