General Pool Writing Down Allowance (“WDA”) Print
The General Pool is made up of all capital expenditure on qualifying plant and machinery on which AIAs are not claimed, which is not allocated to the SRP, and does not comprise of any of the items on which enhanced capital allowances can be claimed.
WDA is claimable for plant & machinery in the General Pool at the rate of 18% on a reducing balance basis.
Along with the temporary FYAs mentioned in the section on the Special Rate Pool above, companies are also able to claim a temporary super-deduction of 130% of the cost of new plant and machinery which would normally qualify for inclusion in the General Pool. This relief is claimable for expenditure incurred between 1 April 2021 and 31 March 2023. Please contact us if you require further information regarding these corporation tax reliefs.