Trade - Capital allowances
Enter any claims to Annual Investment Allowance, First Year Allowances, Writing Down Allowance, and Other Capital Allowances.
Annual Investment Allowance
This section contains boxes to enter expenditure qualifying for Annual Investment Allowance and to allocate it to the Main Pool and Special Rate Pool as appropriate.
Max annual investment allowance available for period shows the maximum annual investment allowance claim that the company can make for the period, including claims made at UK Property Business – Capital Allowances.
If you have entered an annual investment allowance claim at UK Property Business – Capital Allowances, then the amount claimed will appear in this section as UK property total expenditure.
If there has been a change in the Qualifying expenditure limits during the period, then there will be two boxes for each of the Main pool and Special rate pool: one for expenditure before the limit change and one for expenditure after.
If part of the annual allowance is to be allocated to a group or connected company, enter the amount allocated in Amount claimed elsewhere. If the chargeable period straddles a date of change of the annual limit, enter the amount for the notional chargeable period and also include this amount in the adjustment for the chargeable period.
If the company also has a Property business, the amount entered will be reflected in the Annual Investment Allowance section for this activity.
Total annual investment allowance claimed shows the total amount claimed as Annual Investment Allowance in respect of the company’s trade. This amount is included in Total capital allowances/(balancing charges) at the bottom of the page. It does not include any claim made at UK Property Business – Capital Allowances.
First Year Allowances
This section contains boxes for Electric charge-points, Environmentally friendly expenditure, Zero-emission goods vehicles and Other expenditure for both the Main pool and Special rate pools, as appropriate.
Use these boxes to allocate any First Year Allowance claims to the relevant category.
Total first year allowance claimed shows the amount claimed as First Year Allowances. This is included in Total capital allowances/(balancing charges) at the bottom of the page.
Writing Down Allowance
This section calculates the Writing Down Allowance available to the company for the period.
| TWDVb/fwd | Use the boxes to enter any Tax Written Down Values brought forward for the Main Pool and the Special rate Pool. |
| Additions | Enter the value of any additions to the Main pool or Special rate pool, as appropriate. |
| Zero-emission goods vehicle disposals | Enter the proceeds (or deemed proceeds) of any Zero-emission goods vehicle disposals from the Main pool. |
| Electric charge-point disposals | Enter the proceeds (or deemed proceeds) of any Electric charge-point disposals from the Main pool. |
| All other disposals | Enter the proceeds (or deemed proceeds) of any disposals, other than Zero-emission goods vehicle and Electric charge-point disposals, from the Main pool or Special rate pool. |
| Subtotal | Calculated as TWDVb/f, plus Additions, less Zero-emission goods vehicle disposals, less All other disposals . |
| Balancing allowance | If Subtotal is greater than nil and the business activity ceased during the period, then Balancing allowance will be equal to Subtotal. Otherwise, Balancing allowance will be nil. |
| Balancing charge | If Subtotal is a negative, then Balancing charge will be equal to Subtotal. Otherwise, Balancing charge will be nil. |
| Small pools write off | If Subtotal is less than £1,000 and the business activity did not cease during the period, then Small pools write off will equal Subtotal. Otherwise, Small pools write off will be nil. |
| Override | If a Small pools write off is available but you do not wish to claim it, then select Override small pools write off. This will reduce Small pools write off to nil. |
| Writing down allowance | If there is no Balancing allowance, Balancing charge or Small pools write off, then Writing down allowance (WDA) will be calculated as a percentage of Subtotal. The relevant percentage is 18% for Main pool and 8% for Special rate pool. You can claim a smaller amount by overwriting the calculated WDA figure. |
| TWDVc/fwd | The Tax Written Down Value carried forward figure is equal to Subtotal less Writing down allowance. |
| Integral features expenditure incl. in additions | Enter here the figure within Additions which relates to integral features. This information will be used to populate the ‘Machinery and plant on long-life assets and integral features’ and ‘Other machinery and plant’ boxes, in the capital allowances section of the company tax return. |
| Total allowances/(charges) | This is total amount of WDA you are claiming for the Main pool and Special rate pool, including any balancing adjustments and Small pool write offs. It is included in Total capital allowances/(balancing charges) at the bottom of the page. |
Other Capital Allowances
This section contains boxes for Structures and buildings, Short life assets, Research and development, Patents, Know-how pooled assets and Other.
There are boxes for both the expenditure in the period and the allowance claimed for each category.
The expenditure entered is included in the relevant box on the CT600.
Total allowances/(charges) shows the total other allowances claimed and is included in Total capital allowances/(balancing charges) at the bottom of the page.
Total capital allowances / (balancing charges)
This figure is the sum of Annual Investment Allowance, First Year Allowances, Writing Down Allowance and Other capital allowances claimed for the period.
Supporting Information
This section allows additional information to be entered to support the capital allowances figures presented. The text will be included in the corporation tax computation.