Claim capital allowances
The super-deduction and 50% special rate first-year allowance
Only companies can claim the super-deduction and 50% special rate temporary first-year allowances.
You can claim them against the cost of certain plant and machinery. It must:
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have been bought from 1 April 2021 up to and including 31 March 2023
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be new and unused
You cannot claim both allowances against the same expenditure.
What you can get
The super-deduction lets you deduct up to 130% of the cost from your profits before tax.
50% special rate first-year allowance lets you deduct 50% of the cost from your profits before tax.
Check if you can claim
Check if you can claim the super-deduction or 50% special rate first-year allowance.
You can claim on your Company Tax Return.