ACCA F6 Notes Chapter 5 Capital Allowances

Comments

1. Carlyn says

   October 29, 2015 at 3:59 am

   1. FYA, as I see it, relates to NEW, LOW EMISSION CARS only (emissions >95g/km). A 100% relief on expenditure on such cars is allowed in the FIRST YEAR. FYA is never time apportioned.
   2. AIA allows for relief up to the first £500 000 spent in each accounting period of the business (not tax year) on ALL OTHER expenditure on plant and machinery. (The plant and machinery not covered by this relief is transferred for WDA.)
   Hope this helps!! ?

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2. Maqbool says

   October 17, 2015 at 3:56 pm

   Hi,

   Can anyone help me to understand:

   1) Difference between First Year Allowance – FYA & Annual Investment Allowance?

   In my understanding both are the same and maximum claim upto 500K in 12 months of
   period?

   But in the last Illustration, both are different and FYA available on top of AIA.

   I really appreciate if anyone can help me.

   Thanks

   Maqbool Ahmad

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