Capital allowance

4^th schedule paragraph

Limit

Passenger Motor Vehicle

14(1)(m)

The limit was pegged at US$10 000

Any Staff  Housing

1(p)

The limit was pegged at US$25 000

School, hospital, nursing home or clinic

15(2)

Cost to the employer. No limit

Staff housing for employees at a school, hospital, nursing home or clinic which qualifies as farm improvements and alteration and additions thereto.

15(3)

Cost to the employer. No limit

SIA for Small to Medium Enterprises

Para 9(g)

Reduced to150% SIA on cost of plant and machinery for the 2010 tax year. 100% allowed in first year of use and claim and balance over two years at 25% as accelerated wear and tear.

Buildings, Improvements, Machinery and Equipment used for Commercial, Industrial and farming

Para9(h)

25%  SIA from 1/1/2010  or any subsequent year of assessment