Capital allowance schedule generator
Build a year-by-year schedule for your assets, see the written-down value you carry forward, and find out which assets you cannot claim at all.
Your asset register never leave your device. This calculator runs entirely in your browser. Nothing you type is sent to us, logged, or stored — there is no server to send it to.
Asset 1
Plant and machinery · Furniture and fittings · Office equipment · Generators
Recorded for your schedule. Allowances are not pro-rated by month of acquisition.
Check your invoice or your Form M / import documentation before answering.
From 2026 an asset with no VAT or duty paid on it is not claimable at all.
Schedule settings
Below 10%, proration is waived and part-business assets are claimed in full.
Add an asset and its cost on the left. Your year-by-year schedule appears here, with the written-down value you carry forward and anything you cannot claim.
What changed for capital allowances in 2026
Three things. There is no initial allowance any more, so the large first-year deduction the old regime gave you is gone and relief is spread straight-line across the life of the asset. 1% of every asset's cost is retained notionally and is only relieved on disposal. And an asset on which no VAT or import duty was paid is not claimable at all — that last one catches informal purchases and unregistered suppliers, and it is the reason to keep your purchase documentation.
Common questions
- What are the capital allowance rates in Nigeria in 2026?
- From 2026 capital allowances are straight-line by asset class: 10% a year for long-life assets, 20% for plant, machinery and fittings, and 25% for short-life assets such as vehicles and computers. There is no separate initial allowance.
- Can I claim capital allowances on an asset with no VAT paid?
- No. From 2026 an asset on which VAT or import duty was not paid is not claimable at all. A small fraction of cost is also retained notionally until the asset is disposed of.
- What is the difference between the asset classes?
- Assets are grouped by expected life. Long-life items like buildings are written off slowest, general plant and machinery in the middle, and short-life items like vehicles, computers and software fastest. The class sets the annual straight-line rate.