Capital Allowances Act 2001


The Capital Allowances Act 2001 is an Act of the Parliament of the United Kingdom that governs how capital allowances are deducted from income taxable under the Income Tax Act 2007 and the Corporation Tax Act 2009.

Types of allowances

Capital allowances fall under several categories:
Under the Act, they are available for specified types of claims:
PartAllowanceIAAIAFYAWDA
2plant and machinery
3industrial buildings
4agricultural buildings
4Aflat conversion
5mineral extraction
6research and development
7know-how
8patents
9dredging
10assured tenancies