The following capital expenditure relates to a hotel that a taxpayer opened for business on 1st August 2020. Assume we are in June 2022.

Date

30.06.2020 Erection of hotel building work in process P 2800000.00

31.07.2020 Cost to completion of hotel building P 400000.00

Total hotel P 3200000.00

31.05.2022 Completion of improvements P 600000.00

Calculate the capital allowances due to the taxpayer for each of the tax years 2019/2020, 2020/2021 and 2021/2022, clearly showing the basis of the allowances