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Dear Tutor:
Olive is self-employed, preparing her accounts to 5 April each year. She claims capital allowances on a motor car used in her business. The motor car has a CO emission rate of145 grams per kilometre, with 40% of Olive’s mileage for private purposes.The motor car had a tax written down value of £12,000 at 6 April 2021.Olive sold the motor car for £6,000on 1 November 2021.
What amount of capital allowances can Olive claim in respect of the motor car for the tax year 2021/22?
£3,600
£648
£2,400
I don’t understand why the answer is £3,600?Can you tell me?Thank you.WDV 12000
Sale (6000)Balance 6000 x 60% business use = 3600 balancing allowance
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