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when should we claim capital allowances for hire purchase?should we wait till the ownership of the assets passes to the user or we can claim it before ownership is passed?
You can claim capital allowances (on the capital part of the cost, excluding the interest) as though you had bought it. You do not wait until ownership passes.
However F9 is not a tax exam and so the examiner should really make this clear if he has anything on hire purchase.
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