Tax Rates 2008/09 :: Main Capital Allowances

Tax Rates 2008/09

Business Fact Sheets

Tax Rates 2008/09

		introduction
		main income tax reliefs
		income tax rates and bands
		car benefit assessment
		tax free mileage allowances
		national insurance contributions
		pension contributions
		inheritance tax
		value added tax
		capital gains tax
		corporation tax
		main capital allowances
		stamp duty & stamp duty land tax
		earliest due dates for payment of tax

Main Capital Allowances

Allowance %
Plant and machinery from 1.4.08 *
- annual investment allowance £50,000	100
- certain energy efficient plant, including low emission cars	100
- writing down allowance: general	20
- writing down allowance: long life assets	10
- WDA: features integral to a building	10
- cars in general (max £3,000pa)	20
Industrial buildings writing down allowance +	3

* rates change 6.4.08 for income tax traders
+ being phased out: 4% in 2007/08; 2% in 2009/2010; 1% in 2010/2011; nil thereafter

For further information, please email us on solutions@morrispalmer.co.uk or call us on 01403 750 444.

Barttelot Court . Barttelot Road . Horsham . West Sussex . RH12 1DQ
Tel: 01403 750444. Fax: 01403 750330

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