Key requirements
The directory links to capital allowances for qualifying fixed assets, writing-down allowances for intellectual property, M&A allowances and land intensification allowances. Industrial building allowance guidance concerns pre-23 February 2010 expenditure, subject to transitional exceptions. Each allowance has a different qualifying asset, expenditure period and claim mechanism. A purchase being capital in the accounts does not mean it is eligible for every allowance. Start with the relevant asset category and review the detailed conditions before including an allowance in the tax computation.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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