Chapter 16 Long Period of Account TX-UK FA2023

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1. Ok.sana says

   May 20, 2024 at 4:14 pm

   Hi!

   Could anyone help please?
   In 12 months period van was purchased. I assumed it would go to either main or special rate pool, but it was offset by AIA? I am incorrect to assume that AIA doesn’t cover cars/vans?

   Thanks!
   Oksana

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   • nabeelafatima says

     May 25, 2024 at 6:47 pm

     Hi Oksana,
     Motorcycles, lorries, vans, and trucks are not considered cars and hence can be included in the annual investment allowance.
     It would’ve gone to special or main pool if it was a car.
     Hope I was able to help.
     -Nabeela.

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