The following tax rates and allowances are applicable for the tax year 1997/98 with comparatives for the year 1996/97.
| CAPITAL ALLOWANCES | ||
| First year / | Writing down | |
| initial allow | allowance | |
| Plant and machinery long life | Nil | 6% |
| Plant and machinery other | Nil | 25% |
| Industrial buildings | Nil | 4% |
| Agricultural buildings | Nil | 4% |
| Enterprise zone | 100% | Nil |
| Scientific research | 100% | Nil |