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So for trading profit for period ended 30th april 21 they have done 8/12 for the whole 11k amount however shouldnt it just be capital allowance that should be proportinated ?
As before you will need to tell me the information in the question and what part of the answer you need help with understanding
Ques – Trading profit
Ronald commenced self-employment on 1 January 2020. He had a tax adjusted trading
profit of £3,840 for the four-month period ended 30 April 2020, and £12,060 for the year
ended 30 April 2021. These figures are before taking account of capital allowances.
The only item of plant and machinery owned by Ronald is his motor car, which cost
£24,000 on 1 September 2020My question – why was the whole 11k is done 8/12 shouldnt only capital allowance be done that?
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