{"id":1835,"date":"2021-07-12T10:30:16","date_gmt":"2021-07-12T10:30:16","guid":{"rendered":"https:\/\/www.aelmarkhams.co.uk\/?p=1835"},"modified":"2021-07-12T10:30:16","modified_gmt":"2021-07-12T10:30:16","slug":"super-deduction-on-capital-purchases","status":"publish","type":"post","link":"https:\/\/aelmarkhams.co.uk\/super-deduction-on-capital-purchases\/","title":{"rendered":"Super-Deduction on Capital Purchases"},"content":{"rendered":"<p>For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments.<\/p>\n<p>Under the super-deduction, for every pound a company invests, their taxes are cut by up to 25p.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>The new Capital Allowances offer<\/strong><\/span><br \/>\nAs a result of measures announced at this Budget, businesses will now benefit from four significant capital allowance measures:<\/p>\n<p>\u2022 The super-deduction \u2013 which offers 130% first-year relief on qualifying main rate plant and machinery investments until 31 March 2023 for companies.<\/p>\n<p>\u2022 The 50% first-year allowance (FYA) for special rate (including long life) assets until 31 March 2023 for companies.<\/p>\n<p>\u2022 Annual Investment Allowance (AIA) providing 100% relief for plant and machinery investments up to its highest ever \u00a31 million threshold, until 31 December 2021.<\/p>\n<p>\u2022 Within Freeport tax sites, companies can access new Enhanced Capital Allowances (ECA+) and companies, individuals and partnerships can benefit from an increased level of Structures &amp; Buildings Allowance (SBA+) for investments until 30 September 2026.<\/p>\n<p><a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/967202\/Super_deduction_factsheet.pdf\">Click here<\/a> for the super deduction facts sheet<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments. Under the super-deduction, for every pound a company invests, their taxes are cut by up to 25p. The new Capital Allowances offer As a result of measures announced at this Budget, businesses will now benefit &#8230; <\/p>\n<div><a href=\"https:\/\/aelmarkhams.co.uk\/super-deduction-on-capital-purchases\/\" class=\"more-link\">Read More<\/a><\/div>\n","protected":false},"author":7,"featured_media":1850,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[5],"tags":[14,11,13,12],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Super-Deduction on Capital Purchases - AEL Markhams<\/title>\n<meta name=\"description\" content=\"For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aelmarkhams.co.uk\/super-deduction-on-capital-purchases\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Super-Deduction on Capital Purchases - AEL Markhams\" \/>\n<meta property=\"og:description\" content=\"For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aelmarkhams.co.uk\/super-deduction-on-capital-purchases\/\" \/>\n<meta property=\"og:site_name\" content=\"AEL Markhams\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-12T10:30:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aelmarkhams.co.uk\/wp-content\/uploads\/2021\/04\/pexels-anamul-rezwan-1145434-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ravi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ravi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/aelmarkhams.co.uk\/super-deduction-on-capital-purchases\/\",\"url\":\"https:\/\/aelmarkhams.co.uk\/super-deduction-on-capital-purchases\/\",\"name\":\"Super-Deduction on Capital Purchases - AEL Markhams\",\"isPartOf\":{\"@id\":\"https:\/\/aelmarkhams.co.uk\/#website\"},\"datePublished\":\"2021-07-12T10:30:16+00:00\",\"dateModified\":\"2021-07-12T10:30:16+00:00\",\"author\":{\"@id\":\"https:\/\/aelmarkhams.co.uk\/#\/schema\/person\/62b792ae56f5e0dac348b8fb05651c19\"},\"description\":\"For expenditure incurred from 1 April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments.\",\"breadcrumb\":{\"@id\":\"https:\/\/aelmarkhams.co.uk\/super-deduction-on-capital-purchases\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/aelmarkhams.co.uk\/super-deduction-on-capital-purchases\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/aelmarkhams.co.uk\/super-deduction-on-capital-purchases\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/aelmarkhams.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Super-Deduction on Capital Purchases\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/aelmarkhams.co.uk\/#website\",\"url\":\"https:\/\/aelmarkhams.co.uk\/\",\"name\":\"AEL Markhams\",\"description\":\"Chartered Accountants &amp; 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