Capital Allowance Super Deduction Budget 2021
The new super deduction allowance for capital expenditure announced in the latest Budget is now live. At the Budget on 3 March 2021 additional capital allowances were announced by way of a new super-deduction (130%) and 50% first year allowances to encourage capital spend by companies over the next two years. In simple terms, companies can claim a super-deduction by writing off 130% of qualifying expenditure on new assets from 1 April 2021 for two years. For example, if a com