UK Property 34 - Annual investment allowance

You can claim a capital allowance called an Annual Investment Allowance (AIA), if you bought equipment, but not cars, during the year. You can claim AIA up to a maximum annual amount of £1 million.

You cannot claim AIA for expenditure on equipment and other items for use in a dwelling house.

For claims over £800,000, put £800,000 in this box and any amount in excess of that in the 'All other capital allowances' box up to a combined total of £1 million.

In the 'Any other information' box at the end of this section, tell us the amount of AIA included in the 'All other capital allowances' box.

For more information about capital allowances and balancing charges, go to Helpsheet HS252 - Capital allowances and balancing charges, which includes worked examples, or contact HMRC or your tax adviser.

Note: Do not complete if you claim the property income allowance, you cannot deduct any allowable expenses or claim any other allowances on this income.