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i hv a doubt see 100% fya and aia r not available on cars. then what about lorries ,vans trucks and other goods vehicles?
100% FYA on new zero emission cars and goods vehicles.
AIA available on vans, lorries, trucks and non-zero emission goods vehicles (as they are not cars)then the super deduction of 100% and 50% fya for companies , is this avalable for cars , lorries , vans and trucks?
Cars, no.
New vans, lorries and trucks would go in the main pool and the ‘super deduction’/FYA of 100% would be available (once the AIA has been used). They would not go in the special rate pool therefore the 50% FYA is not applicable.
this qtn is regarding super dection given to companies. suppose an asset purchased in earlier acctng period on which super deduction was claimed, is disposed in current acctng period how would we treat this ? is the disposal amt a balancing allowance?
In the MCQ2 in Chapter 5, the allowance claimed was the full 550,000×3% even though it was only brought into use on 1 June 2023 and the accounts were prepared on 31 October 2023 (5 months). I was wondering why it wasn’t time apportioned, would love if I got clarity!
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