Tax allowances for business investment

It is important business owners are aware of the tax allowances available for business investment.

1 Nov 2023

For companies, the 130% super-deduction has been replaced with a 100% first-year allowance from 1 April 2023 for a three year period. A 100% allowance effectively means full expensing
for qualifying capital expenditure. The 50% first-year allowance for special rate pool expenditure, which was set to expire on 31 March 2023, has also been extended for a further three years.

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Tax allowances for business investment

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