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Taxation UK Workbook Question-Capital Allowance 2.10

This topic has 2 replies, 2 voices, and was last updated 1 year ago by JillyB.

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February 3, 2024 at 9:05 pm #699691
irenezhu
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In the question Activity 6, Guy purchased equipment 123,000, why this amount is AIA 100% can be fully deducted? (accounting period is still 1 year – no pro rate) There is a limit for AIA which is $1,000,000 in 12-month. Why this limit is not applicable here?
February 3, 2024 at 9:12 pm #699692
irenezhu
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AIA is 1million 1,000,000, and here is only 123,000. As he is sole trader so no super deduction.
February 4, 2024 at 1:55 pm #699720
JillyB
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Example 6 does not have this in it? What example are you talking about? Are you using the Open Tuition manual?
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