Capital Allowances Basics

Capital allowances give tax relief when a business buys equipment, machinery and vehicles. This course explains the Annual Investment Allowance, full expensing, the new 40% first-year allowance from January 2026, writing down allowances (with the main pool rate cut to 14% from April 2026), cars, and what happens when you sell assets. It applies across the UK.

Tutwoo is an independent learning provider. This course gives general information about UK capital allowances, checked against GOV.UK and professional commentary in October 2026. It is not tax advice.