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Special rate pool and long life assets


Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance

Special rate pool and long life assets


Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance
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Special rate pool

Expenditure on some types of plant or machinery must, if neither annual investment allowance (AIA) nor first year allowances (FYAs) are available, be allocated to a ‘special rate pool’.

Expenditure to be allocated to the special rate pool consists of expenditure incurred on:

  1. •

    integral features, see below

  2. •

    long life assets, see below

  3. •

    thermal insulation of buildings used in a business

  4. •

    new or second-hand cars with CO2 emissions of more than 50g/km (reduced from more than 110g/km in April 2021), and

  5. •

    solar panels

CAA 2001, s 104A(1)

The annual writing down allowances available on the special rate pool is 6%.

Expenditure that would otherwise fall into the special rate pool is eligible for the AIA, with the exception

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  • 23 Nov 2023 12:30

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