Threads / Capital Allowances: Full Expensing / New temporary tax reliefs on qualifying capital asset inves…
Policy Paper Published 3 Mar 2021 HM Revenue & Customs ↗ View on GOV.UK

New temporary tax reliefs on qualifying capital asset investments from 1 April 2021

This measure introduces a temporary 130% super-deduction for main rate assets, and a temporary 50% first-year allowance for special rate assets.

▤ Verbatim text from source document

The measure provides capital allowances for qualifying expenditure on plant and machinery incurred between 1 April 2021 and up to and including 31 March 2023.