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expensive car

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › expensive car

  • This topic has 3 replies, 3 voices, and was last updated 7 years ago by Tax Tutor.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 18, 2011 at 6:37 am #48442
    salmanamin
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    the car which cost more than 12000 pounds but purchased in current accounting period of 2010/11 i.e after 5th April 2009…. what is its treatment in the capital allowance calculation? included in the main pool or seperate pool????

    May 18, 2011 at 10:55 am #81757
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    An expensive car brought forward is kept in it’s
    Own column. The max WDA is £3000 per annum
    On sale a balancing adjustment will occur
    The car may have private use so the WDA or balancing
    adjustment is restricted for the business use
    Hope this helps

    July 19, 2017 at 8:35 am #397490
    zkaay
    Participant
    • Topics: 212
    • Replies: 98
    • ☆☆☆

    1) Is this rule regarding restricting wda to 3000 still applicable for FA2016 ?

    2) is this rule only for wda of cars?

    3) is it for sr or mp?

    July 19, 2017 at 10:40 am #397518
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    You should NOT be looking back to questions that relate to old rules!! If the rule was still relevant it would be in the FA 2016 course notes!

  • Author
    Posts
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