These are known as plant and machinery.
You can deduct some or all of the value of the item from your profits before you pay tax.
If you're a sole trader or partner and have an income of £150,000 or less a year, you may be able to use a simpler system called cash basis instead.
Work out the value of your item
In most cases, the value is what you paid for the item. Use the market value (the amount you'd expect to sell it for) instead if:
Other business costs
You claim for the cost of things that are not business assets in a different way. This includes:
Claim these costs as business expenses if you're a sole trader or partner, or deduct from your profits as a business cost if you're a limited company.
Other capital allowances
As well as plant and machinery, you can also claim capital allowances for:
You can only claim for items in residential property if your business qualifies as a furnished holiday lettings business. In each year the property must be:
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