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Capital allowances (249 kB)

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Knowledge Bank > Business Tax > Capital Allowances
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01: Introduction

Capital expenditure and depreciation cannot be deducted in calculating taxable profits.

Instead, many types of capital expenditure qualify for capital allowances, which in effect provide a standard measure of depreciation for assets used in earning income.

This guide gives an overview of the tax allowances for capital expenditure and the rules for claiming them.Last Updated