ACCA Taxation (TX-UK) Cash Basis for Small Businesses part 4
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Sir, Can you please put out the actual numbers for the Trading Income if the period was to end on 30.April.19 rather 5.April.19. after calculating the capital allowance. ?
I wonder if I understood the last part correctly.
Regards.
Why is the motor car (51-110g/km) not treated as a non-pool asset as there is only 80% business use? Is it because it was used by an employee not by Wendy?
Car used by employees are not treated as non pool assets. Only assets used by owners for his private use qualifies for that category.