Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department is taking to support businesses with high capital investments apart from the super-deduction of capital gains tax.

The super-deduction reduces the corporation tax bill of companies that invest. Therefore, it is separate to the capital gains tax regime.

HM Treasury have published a factsheet on the super-deduction that also explains what capital expenditure qualifies for the different reliefs in the capital allowance regime. The factsheet can be found here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/967202/Super_deduction_factsheet.pdf.