What’s the difference between electing fir short life asset and not electing for it? Is it something to do with it not being included on aia and being treated separately?
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Capital allowance f6 taxation
6y agoThis is explained in the OT study notes and lectures - chapter 5, section 7.2, page 31.
If expenditure is available for AIA you would NOT make the short life asset election, as 100% of the expenditure is relieved. If insufficient AIA is available and a short life asset is acquired then the election is worthwhile
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