Dear jill, I hope you aer well. I had doubt about The AIA and FYA ( super Deductions ) ranking.
like if the new plant and machinery is 200,000 and a long life asset is 310,000 . Do we have to finish the AIA first before utilizing the FYA on plant and machinery . as even after using it all for lifelong asset , we got plenty left for plant and machinery but FYA is obv better with 130% allowancee.
so do we do it rankwise first AIA then FYA and then Reduced WDV or We can go for FYA first and then AIA and then WDV
Ask the Tutor ACCA TX-UK
CT Capital Allowance
also, can we apply reduced wdv of 6 % after 50% enhanced deduction on special pool on remaining 50 % in same year ???
Edit : i just read the illustration again . apparently not. it wdv will apply from next year
Also thank you for wonderful lectures again, I couldn't imagine studing tax from any other teacher
Aw thank you for your kind thoughts - I'm glad you have found the lectures helpful and all the very best for your exam in December.
Super deduction is only for companies so the answer is only for them.
Use it first as its 130% then use AIA then FYA
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