KIM and JOAN The following scenario relates to Questions 21 to 25 . KIM Kim has been self-employed since 1 July 2021, preparing her first accounts for the nine month period ended 5 April 2022. The following information is available for the tax year 2021/22: Self-employment (1) Kim's tax adjusted trading profit based on her draft accounts for the nine-month period ended 5 April 2022 is 10,930. However, this figure is before making any adjustments required for the cost of Kim's office including capital allowances (note (2) \& (3)) and she suspects she will actually have an allowable loss for tax purposes. (2) Kim runs her business from a newly built office (construction began 2 November 2020 and was completed in June 2021 shortly before Kim commenced trading). The cost is as follows: (3) On 10 June 2021, Kim purchased a laptop computer for use in her trade for 2,600. On 1 July 2021, Kim purchased a motor car for 19,200. The motor car has a CO2 emission rate of 87 grams per kilometre. During the nine-month period ended 5 April 2022, Kim drove a total of 8,000 miles, of which 2,400 were for self-employed business journeys. JOAN On 5 July 2021, Joan resigned as an employee of Jet Plc. The company had employed her as a fashion designer since 2011. On 6 July 2021, Joan commenced self-employment running her own clothing business, preparing accounts to 5 April. The following information is available for the tax year 2021/22: Self-employment (1) During the period 6 July 2021 to 5 April 2022 Joan paid patent royalties of 500 in respect of specialised technology that she uses in her clothing business. (2) Joan purchased the following assets during the period ended 5 April 2022: Motor car (1) purchased on 13 November 2021 has CO2 emissions of 45 grams per kilometre, is used by an employee, and 15% of the mileage is for private purposes. Motor car (2) purchased on 21 January 2022 has CO2 emissions of 95 grams per kilometre, is used by Joan, and 20% of the mileage is for private purposes. 21. What item(s) for Kim are classified as Plant and Machinery? 1 2... 3. 4. 22. What is Kim's total Capital Allowance for the period ending 5 April 2022? 23. What is Kim's Structures and Building Allowance claim for the period ended 5 April 2022? 24. What is Joan's Private use Written Down Allowance claim for a 6-month period ended 5 April 2022? 25. What amount can Joan claim as Annual Investment Allowance? KIM and JOAN The following scenario relates to Questions 21 to 25 . KIM Kim has been self-employed since 1 July 2021, preparing her first accounts for the nine month period ended 5 April 2022. The following information is available for the tax year 2021/22: Self-employment (1) Kim's tax adjusted trading profit based on her draft accounts for the nine-month period ended 5 April 2022 is 10,930. However, this figure is before making any adjustments required for the cost of Kim's office including capital allowances (note (2) \& (3)) and she suspects she will actually have an allowable loss for tax purposes. (2) Kim runs her business from a newly built office (construction began 2 November 2020 and was completed in June 2021 shortly before Kim commenced trading). The cost is as follows: (3) On 10 June 2021, Kim purchased a laptop computer for use in her trade for 2,600. On 1 July 2021, Kim purchased a motor car for 19,200. The motor car has a CO2 emission rate of 87 grams per kilometre. During the nine-month period ended 5 April 2022, Kim drove a total of 8,000 miles, of which 2,400 were for self-employed business journeys. JOAN On 5 July 2021, Joan resigned as an employee of Jet Plc. The company had employed her as a fashion designer since 2011. On 6 July 2021, Joan commenced self-employment running her own clothing business, preparing accounts to 5 April. The following information is available for the tax year 2021/22: Self-employment (1) During the period 6 July 2021 to 5 April 2022 Joan paid patent royalties of 500 in respect of specialised technology that she uses in her clothing business. (2) Joan purchased the following assets during the period ended 5 April 2022: Motor car (1) purchased on 13 November 2021 has CO2 emissions of 45 grams per kilometre, is used by an employee, and 15% of the mileage is for private purposes. Motor car (2) purchased on 21 January 2022 has CO2 emissions of 95 grams per kilometre, is used by Joan, and 20% of the mileage is for private purposes. 21. What item(s) for Kim are classified as Plant and Machinery? 1 2... 3. 4. 22. What is Kim's total Capital Allowance for the period ending 5 April 2022? 23. What is Kim's Structures and Building Allowance claim for the period ended 5 April 2022? 24. What is Joan's Private use Written Down Allowance claim for a 6-month period ended 5 April 2022? 25. What amount can Joan claim as Annual Investment Allowance