Business Tax Relief for Capital Investment

A grey electric car at a charging point

Business Tax Relief for Capital Investment

In preparation for the 130% ‘super-deduction’ for companies coming to an end on 31 March 2023, other alternatives are being considered in an attempt to continue encouraging investment from April 2023.

In the meantime, remember to talk to us about the reliefs potentially available (to companies and non-corporates) for expenditure on plant and machinery. This includes:

  • A £1million annual investment allowance;
  • 130% and 50% super-deductions; 
  • 100% first-year allowances (including on electric cars); and
  • 18% and 6% writing down allowances.

The date of acquisition of capital assets can make a difference to the tax relief you can claim so do speak to us before your next sizeable investment.