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Issue:
4450
/
Categories:
Comment & Analysis
, annual investment allowance
, Finance Bill 2014
, Admin
, Budget/Finance Act
, Business
, Capital allowances
Changes to the annual investment allowance made in this year’s Finance Bill
KEY POINTS
- The AIA was introduced in 2008.
- The annual limits have ranged from £25 000 to £500 000.
- Application of transitional rules.
- Time investment to coincide with maximum allowance.
The annual investment allowance (AIA) was established to allow businesses to claim a 100% upfront allowance for capital expenditure incurred on most items of plant and machinery. Since its introduction in 2008 it has been subject to various changes as shown in Limits (below; click image to enlarge).
Most recently Finance Bill 2014 clause 10 and Sch 2 increased the maximum allowance to £500 000 from April 2014 to the end of December 2015.
The maximum AIA was increased by FA 2013 s 7 and Sch 1 from £25 000...
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