So for AIA, the date of purchase of the asset is irrelevant? even though the computer was bought on 20th October, it’ll get the 6 month apportionment? What if the computer was bought on 31st Dec 2016?
I think you are right and Computer bought on 31 dec 2016 will all under AIA relief. And I think only the accounting year matters in which the qualified asset is bought.
Thank you very much.. so clear and quite easy to understand. I just was wondering about time apportion for AIA and WDA, is it it tax year but company year? Is it the same for sole traders and partnership as well as for companies? Thank you
simeon374 says
So for AIA, the date of purchase of the asset is irrelevant? even though the computer was bought on 20th October, it’ll get the 6 month apportionment?
What if the computer was bought on 31st Dec 2016?
wasif2v says
I think you are right and Computer bought on 31 dec 2016 will all under AIA relief. And I think only the accounting year matters in which the qualified asset is bought.
tanya88 says
Thank you very much.. so clear and quite easy to understand. I just was wondering about time apportion for AIA and WDA, is it it tax year but company year? Is it the same for sole traders and partnership as well as for companies? Thank you