Assignment Capital Allowance Grade Points 10 Note: Please submit the assignment no later that 11:50am on 28 October Q1: Define capital allowance. What are the key steps in calculating capital allowance for the business operating in the UK Venus is a sole trader and has prepared accounts to 30 April each year. At 30 April 2017, the tax written down value of her main pool was 666,667. She decides to prepare her next set of accounts to 31 December 2017 In the period to 31 December 2017, the following acquisitions were made 1 May 2017 Plant E146,666 10 July 2017 Car (CO emissions 110 km) 9.000 3 August 2017 Car (co, emissions 65 km-hew (11.000 Venus disposed of plant on 1 November 2017 for $20.000 (original cost 20.000)