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• # 82687
• Tue 08 May 2012 11:01 AM

I have a client who is a tree pluber in the CIS scheme.
He has got a tool costing around £3,000, so this is a capital item
How does he claim this now as capital allowances have changed recently?
Is it 25% off this year then the same until it is all claimed, or can he he claim more?

Assistance appreciated

Regards
 

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• # 82707
• Tue 08 May 2012 08:11 PM

I believe that the tool will qualify for plant and machinery capital allowances. From April 2012 the AIA limit has been reduced to £25,000 so provided your client has had no other capital expenditure, the full amount could be claimed as AIA.

See the following links for further info:

HS252 - Capital allowances and balancing charges
http://search2.hmrc.gov.uk/kb5/hmrc/forms/view.page?record=yDSaRxbn_CQ&formId=3871

Business Link - Capital allowances on plant and machinery
http://www.businesslink.gov.uk/bdotg/action/layer?r.l1=1073858808&r.l2=1086692188&r.l3=1086445219&r.s=tl&topicId=1086384131

Hope this helps.

• 
  Helen
  http://www.lookaftermybooks.com/
  
  

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