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Advance warning on the Annual Investment Allowance (AIA)

The AIA, that gives 100% relief on qualifying capital spend, is currently capped at £250,000.  However, from 1 January 2015 the maximum amount will revert back to £25,000.  Where an accounting period straddles this date, an apportionment will be required.

Where the AIA limit is exceeded, the capital allowances available will be much lower, currently a maximum of 18% p.a. but potentially only 8% p.a., dependent on the type of asset.

Timing of capital spend this year will be important.

 

 

Date: 24th February, 2014
Author: Cathy Corns

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