Hi,
I'm currently doing a section C question on corporation tax and one of the notes in the question states the following:
"Until January 2022 the company has never been entitled to capital allowances as all assets were leased. On 15 January 2022 the company bought office equipment for £50,000, and a car with CO2 emissions of 42 grams per kilometre for £7,500."
I've put together a capital allowances computation for this, but the bit I'm unsure about is whether the office equipment would qualify for the AIA super deduction. I thought that it would qualify for this as I believe office equipment would ordinarily be a main pool item, but in the answers section it says that this only qualifies for standard AIA. Please could you help me with this as I can't figure out why it wouldn't qualify for the super deduction?
Thank you,
Ben
AIA Super Deduction
I'd have agreed with you. Was it new office equipment?
Which question are you attempting please? page number?
This is on page 156 of the Kaplan Exam Kit for Finance Act 2021. It is question number 266, titled 'Stretched Ltd (Adapted)'
Hi Ben - I don’t have the Kaplan kit but I can only think of 2 possibilities- either the question states that the equipment is 2nd hand or the answer has not been updated for the new AIA rules
It doesn't say anywhere about the equipment being second-hand, so I presume the question must not be fully updated. Thank you :)