The last leg of the reform of the capital allowances regime began with the amendments introduced in FA 2008 will take effect now from 01 April 2011 with the industrial buildings allowances, hotel buildings allowances and agricultural buildings allowances being unavailable from that date. First Year Allowance has already been withdrawn and the newly introduced Annual Investment Allowance has so far seen a roller coaster ride with the limit being tinkered with three times in the past (£50,000 – 2009/10, £100,000 – 2010/12 and £ 25,000 from 01 April 2012).
Businesses planning capital expenditures will need to keep pace with the frequent changes.
