Capital Allowances: Plant and Machinery

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April 29, 2020 at 1:01 am

aarti2407
Participant
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

Tax Tutor
Keymaster
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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