Hi @Mitchdon apologies for the late reply…old war wound needed...

Hi @Mitchdon apologies for the late reply…old war wound needed fixing in hospital…not literally a war wound but you get my drift!
Here is a link to the fiscal regime that may help:
https://assets.publishing.service.g...000d6a8e4d/CfE_Final_Version_110723__003_.pdf

In essence, the Labour Party will abolish the investment allowance which is 29% of 35% EPL, so that’s 10.15% off the 91.4% currently charged. This brings the total rebate back to 81.25. However, since the government is also increasing the EPL to 38%, the 91.4% goes up to 94.4%. So under the new policy, the investment allowance that will be abolished amounts to 11.02% bringing the new total rebate back to 83.38%.
That’s all we know for now. As to what they do with capital allowances is anyone’s guess but I think they are unlikely to touch those at this stage, but keep a threat of reducing them if they deem bad behaviour has occurred… typically vague noises from this government.
cheers