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COMPUTERS TREATMENT FOR CAPITAL ALLOWANCE COMPUTATION

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › COMPUTERS TREATMENT FOR CAPITAL ALLOWANCE COMPUTATION

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
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  • Author
    Posts
  • February 1, 2021 at 4:57 pm #608781
    angela90
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Hello , can you help me please with this questions ,

    how do we treat computers in capital allowance computation , I have seen examples where they are given 100 % AIA , also in other examples their cost is put in the main pool when bought and disposed of soon after ,what is the rule ? i am confused , looks like 2 different treatments ?
    also if a car is given 100% FYA , and then later in the year is sold and proceeds taken for it , what do we do with proceeds ? deduct them from what ? since we already claimed full AIA on the cost ?
    Thank you very much for your time and help !

    February 2, 2021 at 4:11 pm #608868
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Have you as yet worked through the OT lectures and notes for Chapter 5?

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