Taxation UK Workbook Question-Capital Allowance 2.10

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

Viewing 3 posts - 1 through 3 (of 3 total)

Author
Posts
February 3, 2024 at 9:05 pm #699691
irenezhu
Participant
- Topics: 1
- Replies: 1
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
Participant
- Topics: 1
- Replies: 1
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
Keymaster
- Topics: 0
- Replies: 899
Example 6 does not have this in it? What example are you talking about? Are you using the Open Tuition manual?
Author
Posts

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.