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Capital allowance on car @ 8%

Forums › ACCA Forums › ACCA TX Taxation Forums › Capital allowance on car @ 8%

  • This topic has 2 replies, 3 voices, and was last updated 10 years ago by marty85.
Viewing 3 posts - 1 through 3 (of 3 total)
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    Posts
  • April 25, 2015 at 7:08 pm #242697
    ivalina20
    Participant
    • Topics: 4
    • Replies: 19
    • ☆

    Hello,
    I would like to ask you how would you claim capital allowance on car with CO2 emissions of more than 130 g/km.
    The cost of the car is £5,800 (used car) and the CO2 emissions are above 130g/ km which is classified as special pool rate. i have worked out that I can claim £464 but this is below the limit of £1,000. Can I claim £1,000 or i need to claim £464. Please advise.
    Thanks in advance

    April 26, 2015 at 4:09 pm #242817
    Abdul
    Member
    • Topics: 15
    • Replies: 28
    • ☆

    If you are referring to £1000 of the small pool WDA, you cannot claim that because that is supposed to be claimed on the amount before deducting WDA. In this case £5800, as a result, you cannot claim the small pool WDA, therefore the figure that goes as your capital allowances is £464

    April 27, 2015 at 6:39 pm #242960
    marty85
    Member
    • Topics: 0
    • Replies: 4
    • ☆

    You cannot claim a 1.000 £ small pool WDA because it refers to a special/main pool balance.
    Since your balance is 5.800, you cannot claim small WDA.
    If it was lower, you could.

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