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small pool WDA

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › small pool WDA

  • This topic has 3 replies, 3 voices, and was last updated 8 years ago by Tax Tutor.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • May 18, 2016 at 8:43 am #315579
    sasha
    Member
    • Topics: 99
    • Replies: 141
    • ☆☆☆

    with reference to example 1, let’s say we have accounting period 15 months not 12.

    we got our main pool balance 750 after deducting 500 sales proceeds.

    so what amount should we need to deduct from 750 now?

    May 22, 2016 at 4:07 pm #316422
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Same answer we have a small pools WDA of 750. The issue about time apportioning the small pools wda claim is that for a 15 month period the amount of 1,000 would be increased to 1,250 and if for a 6 month period it would be reduced to 500.

    May 25, 2016 at 10:59 am #317013
    hemraj123
    Member
    • Topics: 110
    • Replies: 188
    • ☆☆☆

    Sir, for example in 14/15, the written down value of Main Pool is 1050 then we deduct 18% which is 189. After this deduction the balance in main pool is 861 which is less than 1000.

    So the small pool allowance will be claimed in the current year or the next year?

    May 26, 2016 at 2:31 pm #317216
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Look at chapter 5 section 6 and tell me what the answer is …..

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