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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
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
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