A number of important capital allowances changes will take effect in 2012. Three of the key measures include: cutting the main and special rates of writing-down allowance for plant and machinery to 18% and 8% respectively; slashing the Annual Investment Allowance from £100,000 to £25,000; and two significant new obstacles before a buyer can claim capital allowances for the purchase of second-hand fixtures. The first obstacle is called the ‘pooling requirement’ and the second the ‘fixed value requirement’.
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