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Computer related assets - 100% capital allowance?

I remember Gordon Brown bringing in a 100% capital allowance for hi tech capital goods. Does that still apply for the tax return for the year ended

5/4/2004? Or is it back to 25% at that time?
Reply to
Jon
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"To encourage innovation, investment and training by small businesses, Budget 2003:

extends 100 per cent first-year capital allowances for information and communication technology until 31 March 2004, to encourage up to 3.7 million businesses to invest in information technology and succeed in the knowledge economy;"

or just call it revenue expenditure.

Phil

Reply to
Phil Thompson

"Jon" wrote

I believe it ended for goods purchased after 31/3/2004.

"Jon" wrote

Wouldn't it be 40% rather than 25% ?

Reply to
Tim

Err Phil I presume that is a joke, you are going to bring a whole heap of trouble down on your head by posting capital items as revenue, they tend to SOLAST.

Reply to
Troy Steadman

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40% first year allowance (if claimed) then 25% of decreasing balance

Phil

Reply to
Phil Thompson

And only claim it if it reduces your tax over the medium term.

Reply to
Peter Saxton

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