In example 1, disposal of plan is taken as main pool allowances but it is related to AIA. What is the reason for taking of disposal of plant as WDV not AIA there?
Chapter 5, part 4 , 14:26min , MCQ2 Answer provided to MCQ2 does not take into account when the structure and building was first brought to use. Maximum SBA should be £550,000 * 3% * (5/12months)
Example 6 , 5:05mins There is no reference to “New” Electric motor car (zero emissions) which is the criteria to determine whether FYA is applicable. In the exam, should we also automatically assume it is a “new” car?
Many thanks for your classes and to Open Tuition for making these resources available to everyone.
natalia.williams says
For MCQ2, shouldn’t the SBA be time-apportioned to take into account when the building was brought into use i.e., 550,000 x 3% x 5/12?
raina0806 says
In Example 1, why was the purchase of second hand motor car not added to AIA? Must a plant and machinery be new to be included in AIA?
natalia.williams says
AIA applies to all expenditure on plant and machinery except cars.
abdulrahimanes says
In MCQ2, shouldn’t the SBA be time apportioned as it was only put to use for 5 months?
Aykhan1905 says
In example 1, disposal of plan is taken as main pool allowances but it is related to AIA. What is the reason for taking of disposal of plant as WDV not AIA there?
natalia.williams says
Disposal/sale of plant is taken as main pool allowance. If plant was purchased it would qualify for AIA.
NUSHACCA says
Hello,
Can u explain in example 7 why Employment income was multiplied by 3/12?
Dead0k says
because she worked in a tax year for employer for 3 month, and then started self employment and being in that state for 9 months , total 12.
kofiobeng527@gmail.com says
when is an expenditure qualified to be treated as a main pool or special rate pool
natalia.williams says
Main pool – expenditure relating to plant + machinery.
Special rate pool – top of page 56: integral features of a building, long life assets, motor cars with CO2 emissions over 50 grams per km
peixuni says
Chapter 5, part 4 , 14:26min , MCQ2
Answer provided to MCQ2 does not take into account when the structure and building was first brought to use.
Maximum SBA should be £550,000 * 3% * (5/12months)
Example 6 , 5:05mins
There is no reference to “New” Electric motor car (zero emissions) which is the criteria to determine whether FYA is applicable.
In the exam, should we also automatically assume it is a “new” car?
Many thanks for your classes and to Open Tuition for making these resources available to everyone.