June 2009 Q1 – capital allowances

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    jelenaxm
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    • Topics: 4
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    Can somebody help me understand in question 1a) in sensitivity calculation how do they get 0.027 million Unrecovered allowance in year six ?
    thx


    Profile photo of angryhamtaro
    angryhamtaro
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    • Topics: 9
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    Hi @jelenaxm, you still have an unclaimed capital allowance of $0.09m on year 6, to which you are eligible to claim an additional tax savings of $0.09m x 30% =$0.027m.

    Sorry this came in late, hope this’ll be useful for the current year P4 students.

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