Capital Allowances: Plant and Machinery

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April 29, 2020 at 1:01 am #569462
aarti2407
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Sir, does the AIA gets affected(proportionately increased/reduced) with the length of ownership of the asset during the period? Or it solely depends on the length of the period of account like WDA?
May 2, 2020 at 10:16 am #569762
Tax Tutor
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Hmmm – if you had watched the lectures and read the notes I don’t think you should be asking this question. Neither the date within the accounting period the asset is purchased nor the length of the accounting period impact on the FYA
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