Enter Your Business Assets
Add each asset you've purchased this tax year. Select the correct allowance type and we'll calculate your deduction, tax saving and any remaining pool balance.
Allowances Summary
Total deductions claimable this year
Tax Impact
What this means for your tax bill
Asset-by-Asset Breakdown
Allowance type and deduction for each asset entered
| Asset | Cost | Allowance Type | Deduction | WDV Remaining |
|---|
Annual Investment Allowance
Available to all businesses. 100% deduction on most plant and machinery up to £1,000,000 per year. Cannot be used on cars.
Full Expensing
Limited companies only. 100% first-year deduction on new (not second-hand) main pool assets. No monetary cap. Introduced April 2023, now permanent.
40% First Year Allowance
Available to all businesses (including sole traders). 40% deduction in year one on new main rate assets from 1 January 2026. Remaining 60% goes into the main pool at 14% WDA. Useful for spend above the £1m AIA limit or leased assets. Cannot be used on cars or second-hand assets.
First Year Allowance
50% deduction in year one on new special rate pool assets (long-life assets, integral building features) for limited companies.
Main Pool (14% WDA)
General plant, machinery, vans, most equipment. If AIA/full expensing not used, 14% writing down allowance applies annually on the pool balance (reduced from 18% from April 2026).
Special Rate Pool (6% WDA)
Long-life assets (over 25-year life), integral features (heating, lifts, electrical systems), solar panels. 6% WDA per year.
Cars
0g/km CO₂: 100% FYA. 1–50g/km: main pool 14% WDA. Over 50g/km: special rate 6% WDA. Cars cannot use AIA or full expensing.
Maximising your capital allowances?
The right allowance strategy can significantly reduce your tax bill. HOMF can review your asset purchases and make sure you're claiming everything you're entitled to.