Magnificent motorcycles – New Capital Allowance Rules

Motorcycles are to be excluded from the definition of cars from April 2009. This means that they will qualify as main pool plant and machinery and willbe eligible for consideration for the following allowances: 

• the 100% AIA • the temporary FYA of 40% 

• a 20% allowance where neither of the above apply. Where there is part non business use of the asset by a self employedperson, it will have to be placed in a single asset pool and a restriction onany allowances will be made for private use

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