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Carl Question Pg 234 for TX Notes

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Carl Question Pg 234 for TX Notes

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Tax Tutor.
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  • March 14, 2020 at 12:48 pm #565257
    anuraguk
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Hi there,

    I am failing to establish exactly why there is not balancing allowance for the Carl question (where Carl bought a car with CO2 emissions 170g/km)
    because Car was bought for 16,600 (WDA 6% =964 twdv c/f 15604 and sold at a loss of 12000 (considerign twdv of 15604 is greater than 12000), meaning too little depricaition has been assigned

    Can you urgently provide assistance?
    Thanks

    March 17, 2020 at 4:55 pm #565350
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Look back at the relevant notes and lectures – see chapter 5 section 7.3 note (b) – the car is allocated to the special rate pool so there is no balancing allowance on its disposal – if the car had private use by the proprietor of the business then a balancing allowance would arise on its sale – this is not the case here!

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