Capital Allowances – Short life Assets – ACCA Taxation (TX-UK)
Reader Interactions
Comments
Leave a Reply
You must be logged in to post a comment.
Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
20% off ACCA & CIMA Books
OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>
Dear Sir,
I think in example 2 the car bought for 10600 should be considered as non pool asset as it will be used for 80% business only
It will not be considered as a non pool asset because the car is not used by the owner, rather it is used by an employee. Although the business use will be accounted for in the capital allowance calculation and the private use will be accounted for in the income tax for the individual. Correct me if i am wrong.