Tax & Regulation
Can I write off my mining rig? (AIA / Capital Allowances)
| Allowance | What It Covers | Deduction |
|---|---|---|
| Annual Investment Allowance (AIA) | All qualifying equipment | 100% in Year 1 (up to £1M) |
| Writing Down Allowance (WDA) | If AIA not used | 18% per year (reducing balance) |
| Full Expensing (companies) | Qualifying plant & machinery | 100% in Year 1 (from Apr 2023) |
🎯 Example: A £28,000 rig at 20% basic rate saves £5,600 in Income Tax. At 40%: £11,200.