Barnard Castle Phone: 01833 630400 Shotley Bridge Phone: 01207 507000

Tax Rates & Allowances

Capital Allowances

1 January 2013 to April 20141 or 6 April 2014 to 31 December 2015From 1 January 2016
Main rate pool: writing down allowance 18% 18% 18%
Special rate pool (long life assets, integral features): writing down allowance 8% 8% 8%
Annual Investment Allowance (AIA) cap: £250,000 £500,000 £25,000

Expenditure within the AIA qualifies for 100% allowance in the year of purchase. The AIA cap was increased to £250,000 on 1 January 2013, and is doubled to £500,000 on 1 April 2014 for companies (6 April 2014 for unincorporated businesses).

This increase in the AIA cap will help businesses invest in equipment and fixtures (cars and buildings don't qualify), with 100% tax relief in the year of purchase. However, great care is needed to calculate the available AIA for accounting periods which straddle the various changes. The AIA cap is due to revert to £25,000 on 1 January 2016.


2014 Teesdale Business Awards

Butler and Gee were once again proud to sponsor and support the Teesdale Business awards held in February 2015. The awards are a fantastic way to recognise the success of local entrepreneurs in various different fields and sectors. The ceremony...

Read More

Our Offices


    7 Newgate
    Barnard Castle
    County Durham
    DL12 8NQ

  • Shotley Bridge Office


    7 Front Street
    Shotley Bridge
    County Durham
    DH8 0HH 

Ask a Quick Question