Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of extending the super deduction to unincorporated businesses.
The super-deduction is available only to incorporated businesses subject to the charge of UK corporation tax.
The Government has no plans to extend the super-deduction to unincorporated businesses.
Unincorporated businesses can continue to claim 100% relief on qualifying investments in plant and machinery through the Annual Investment Allowance, which will remain at its highest ever level of £1 million until the end of 2021.