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nonyei

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Active 1 year ago
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  • September 1, 2019 at 2:20 pm #544065
    17e505b3bf03a21ce96d63a85b35b1c3beb0aa1171cd9445c5d6f05d9457c6eb 80nonyei
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    Thanks a lot.

    August 31, 2019 at 2:42 pm #543967
    17e505b3bf03a21ce96d63a85b35b1c3beb0aa1171cd9445c5d6f05d9457c6eb 80nonyei
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    Also note that FYA is never time apportioned. But the car in question qualifies for WDA at 18% (main pool) not FYA given it’s CO2 emissions

    August 31, 2019 at 2:39 pm #543966
    17e505b3bf03a21ce96d63a85b35b1c3beb0aa1171cd9445c5d6f05d9457c6eb 80nonyei
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    Hi Archi604

    Capital allowance would be time apportioned if the account period is less than 12 months. The period of account here is 12 months (6 April 2018 – 5 April 2019). As such Kaplan’s calculation is okay.

    N/B It does not matter what time in the year the asset (car) was bought, so long as the account period is a complete 12 month period you allow the full business use.

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