Annual Investment Allowance (AIA) to be cut from andpound;500k to just andpound;25k

  • 31 Mar 2015

AIA to be cut from andpound;500k to just andpound;25k

Cct now to secure capital equipment

Acting now will allow for lead times of several months on large andamp; complex investments such as air conditioning systems, which could include R22 replacement, before the valuable AIA tax break is ‘slashed’ next year.

ñUse it or lose itî is the message.

Space Air customers are encouraged to use this information when negotiating/closing prospective orders.

AIA tax break can also be factored-in to lease hire/lease purchase finance arrangements (with which Space Air can also help).

Space Air systems

What Qualifies?

ñPlant andamp; Machineryî can include:

  • integral features of a building such as air conditioning and air cooling systems, space and water heating systems as well as lifts, escalators and lighting systems
  • Building alterations to accommodate the above

The government is hoping that SMEs will take advantage of the current AIA Enhanced Capital Allowance to increase or bring forward their capital expenditure plans.

What is AIA?

The Annual Investment Allowance currently means that businesses can claim 100% of their investment in certain plant andamp; machinery, up to a capped limit of andpound;500,000, in the 1st year of that investment.

From January 2016 this allowance is being reduced to just andpound;25,000.

Link for information about the AIA via HMRC website

Note: Air Conditioning equipment does NOT have to be on the Energy Technologies List (ETL) to qualify for AIA but claims cannot include both the AIA and the ETL on the same equipment.

For more information call us on 0333 0069 755, email [email protected], visit the Space Air website via the link below.

Space Airconditioning plc,
Willway Court, 1 Opus Park,
Moorfield Road,

Phone: 0333 0069 755

Visit Space Air's website

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