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Capital allowances: The new ‘super-deduction’

Shared from Tax Insider: Capital allowances: The new ‘super-deduction’
By Lee Sharpe, September 2021

Lee Sharpe looks at the new super-deduction for capital allowances purposes, points out where investors need to be careful with the new rules, and suggests the real reason why it was introduced.  

The UK does fare well as regards capital investment. Apparently, the World Bank put the UK 104th out of 129 countries for capital investment in 2020 (as a percentage of GDP). In (out of?) Europe, we came fifth-last.  

It might not look good for a Chancellor of the Exchequer to (say) introduce a policy that would actively discourage business investment further. 

Surprise, surprise! 

Budget 2021 included a temporary increase to capital allowances for companies: 

  • 130% ‘super-deduction’ in terms of the acquisition of most&nbsp&

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