SLATERS CHARTERED ACCOUNTANTS

162A London Road
Chesterton
Newcastle Under Lyme
Staffordshire,ST5 7JB
Tel: 01782 566101 Fax: 01782 566090

Allowances

Capital Allowances Writing Down Allowance
Plant and Machinery* 25% (reducing balance)
Motor Cars**  25% (reducing balance) - £3,000 max
Industrial and Agricultural Buildings and Hotels  4% (straight line)

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*For small businesses: first year allowances (FYAs) of 50% for 12 months from 6.4.06 (1.4.06 for companies). 40% otherwise. For medium-sized businesses: FYAs of 40%. For all businesses: 100% FYAs on expenditure on energy saving plant and machinery. **100% FYAs on new cars with CO2 emissions not exceeding 120 gm/km until 31.3.08. 6% on certain long life assets.

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