Corporation tax-Chapter 17-Example 1

NNirmala8y ago

Hello Sir, Corporation tax-Chapter 17-Example 1 Can you please explain the calculations for capital allowance in example 1. I can understand the capital allowance for 68000 but where this 126238 is coming from ? Allowance for 3 month CA should be 51238 as shown in below workings. Thanks you !! Nirmala

TTTax Tutor8y ago#1

Thank you for your input - yes clearly an updating error and the figure should be as per working. I will get that amended in the online notes.