1. avatar says

    I have a question re Illustration 1 Chapter 5. I understand that only £125000 of AIA was available due to year end falling on 30th June. But why can’t the b/f figure of TWDV of £54600 be converted into the remainder of AIA for the y/e 30th June, 2014? Why is AIA not available on a 12 months basis regardless of the year end chosen by the trader? It just means that the trader is almost penalised for having the year mid way through the year?
    Apologies if I am not making myself clear.

Leave a Reply