Forums › ACCA Forums › ACCA TX Taxation Forums › Capital Allowances Computation
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- May 3, 2019 at 12:10 pm #514837
Roland prepares accounts to 31 December each year. The written down value of his
main pool of plant and machinery after deducting capital allowances for the year to
31 December 2017 was £116,250. There was no special rate pool on that date.
Purchases and sales of plant and machinery for the year to 31 December 2018 were as
follows:
£
9 April 2018 Bought electrical system 375,800
17 May 2018 Bought plant 114,450
5 June 2018 Bought car (emissions 90g/km) 12,700
25 August 2018 Sold plant bought for £11,000 in 2015 12,500
31 October 2018 Bought car (emissions 133 g/km) 14,000The electrical system bought in April 2016 qualifies as an ‘integral feature’ of a
building for capital allowances purposes.Required: Prepare a capital allowances computation for the year to 31 December
2018, assuming the maximum capital allowances claimed.Dear Tax tutor
Can you please help me out of this question - AuthorPosts
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