Capital Allowances

DetailsAnnual Wear & Tear Allowance %
Industrial buildings4
Agricultural buildings4
Commercial buildings 3
Hotel buildings 4
Machinery, plant and furniture 10
Machinery and equipment of agricultural and animal husbandry business 15
Computer hardware and operating software 20

Application software

- Up to ₤1.000

- Over ₤1.000

33 1/3
Tools 33 1/3
Tractors, excavators, trenches, cranes, and bulldozers 25
Motor cars (except saloons) and motorcycles 20
New Cargo Ships 8
New Passenger Ships 6
Second hand cargo and passenger ships and additional expenditure

The cost is written off over the expected useful life of the ship based on the certificates issued by the Shipping Registry Organization