capital allowance

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November 16, 2020 at 2:34 pm #595195
kinza1997
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Bpp question no 240

Hi..
Plz explain to me why AIA for machinery is at £200 000 and not full amount of £1m?
Transactions took place during year ended 31 march 2020
One of which is
30 sep 2019..purchased machinery at £500 000
November 18, 2020 at 11:09 am #595424
Tax Tutor
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A number of students have asked this question – I can only assume that the question has not been properly updated from last year when the AIA was set at 200,000!
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