Changes to cap-ex write downs?

[wanty1974]

I've just heard that cap-ex write downs in the first year have changed from 40% to 50% - is this right? Has anyone got a reliable source? Ta!

[Eric Mc]

Yep.

All Brown has done is reinstate the First Year Allowances of 50% on the purchase of most Plant and Machinery (excluding most cars) for the tax year 2006/07. A 50% FYA had previously been in place up to tax year 2004/05. It was reduced to 40% for 2005/06 and has now been increased again.

Inconsistent or what?

Please note that only "Small" businesses can claim these enhanced allowances.