Capital allowances – Long period of account

This topic has 1 reply, 2 voices, and was last updated 10 years ago by shab470.

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December 4, 2015 at 9:29 pm #287683
Marko
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I am struggling to understand CA computation on long POA.
As i understand, in case of Opening year rules and also in changing the length of POA, the AIA and WDA are pro-rated, but when a trader/company is commencing trading on POA longer than 12 months continuously, CA computation is divided between first 12 months and the rest of the POA?? Is there a difference in CA computation between trader and companies on this matter?
thanks
December 8, 2015 at 10:04 am #288937
shab470
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It’s because you need to account for the first 12 months and then the remaining months.
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