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In the 2021 Budget, the Government announced a new super-deduction on investments in plant and machinery. The scheme runs from April 2021 to March 2023. During this period businesses can claim:
- a 130% super-deduction capital allowance on qualifying plant and machinery investments
- a 50% first-year allowance for qualifying special rate assets
The super-deduction gives companies a strong incentive to make additional investments, and to bring planned investments forward. Further, the capital allowance helps to stimulate business investment which promotes economic growth.
Which Daikin products can the super-deduction be applied to?
Daikin Products are included in the 50% first-year allowance (FYA) for special rate (including long life) assets until 31 March 2023.
Examples of assets included in this special rate include:
Air conditioning and air cooling systems
Hot and cold water systems
Electrical systems, including lighting systems
External solar shading
Lifts, escalators and moving walkways
Space and water heating systems
Thermal insulation of buildings
For further information, download the data sheet below and follow the links for detailed information. Or you can speak to one of our technical support team for quotations on relevant equipment.
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