Capital allowances – fact sheet

Is your business taking full advantage of the changes to capital allowances announced in the Spring Budget 2023?

Capital allowance incentives

A 50% first year allowance is also available for expenditure incurred up to 31 March 2026 on assets including integral features in buildings, such as electrical, water and heating systems.

The fact sheet also covers:

  • Annual Investment Allowance: This permits 100% relief for up to £1m of expenditure incurred each year on eligible assets. This relief is available to a wide range of businesses.
  • Freeports and Investment zones: These offer a range of tax incentives including enhanced capital allowances. Freeports are usually trade and transport hubs situated near maritime ports or airports. Examples include Plymouth and East Midlands Airport. Investment Zones have been proposed in a number of areas around the UK, including Liverpool and Greater Manchester.  
Download the factsheet

Capital allowances factsheet (PDF, 369KB)

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