Budget 2026 announced further headline changes to the UK’s capital allowances regime. For corporate tax practitioners, finance directors, and property investors, the latest package represents a double-edged adjustment: an enhanced 50% First-Year Allowance (FYA) for the leased main rate plant and machinery (which only came into effect this year), balanced by a further reduction in the main rate writing down allowance (WDA) to 12% (which has now moved from 18% to 14% to 12% sin
