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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › question

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by AvatarTax Tutor.
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  • April 23, 2022 at 11:29 am #654328
    Avatarxyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    If an employed person receives annual income of 41000 and he purchases a laptop for the use of business purposes for 3600 then when calculating his employment income why will the purchase cost of laptop be deducted to calculate employment income.
    Also why will the purchase cost be deducted as capital allowances

    April 28, 2022 at 11:39 am #654528
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    Capital allowances are available for plant and machinery provided by an employee for use in his duties

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