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hey guys can someone help me out im confused,if a machine is purchased but the first payment is made in january when will you start do claim WDA in year 0 or year 1
Hey there!
By payment i hope you mean the investment in machine and by WDA claim i hope you mean tax relief on WDA.
If thats the case, if tax is paid in arrears then tax relief is in year 2, since the machine is purchased in the first month.
If it was purchased at the end of the accounting year: tax relief on WDA would have been in year 1.
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