X www.jamaica-gleaner.com FRIDAY, FEBRUARY 27, 2026 FINANCIAL GLEANER | TAJ FILING YOUR TAXES FEATURE Understanding capital allowance in Jamaica CAPITAL ALLOWANCE is the mechanism provided for Jamaica’s tax code, which allows taxpayers to write off the capital expenditure incurred on qualifying assets used in earning taxable income. This mechanism allows for the write-off to occur over the deemed life of the asset or its period of usage in the business. The amount so written off is treated as a deductible expense in arriving at the taxpayers’ chargeable/statutory income. One of the revenue measures that was announced in the 2025-2026 Budget presentation was the Accelerated Capital Allowance Regime. This regime is applicable to capital expenditure incurred during the period January 1, 2025–December 31, 2026 on industrial buildings and structures, non-residential buildings, as well as specified machinery and plant. Its main feature include: 7KH LQWURGXFWLRQ RI WKH QHZ ¶6SHFLDO $OORZDQFH· LQ PLEASE SEE CAPITAL, XII
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