Maurice prepares accounts to 5 April each year. The written down value of his main pool at

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Maurice prepares accounts to 5 April each year. The written down value of his main pool at 5 April 2020 was £10,300. There was no special rate pool. His purchases and sales of plant and machinery during the year to 5 April 2021 were as follows:

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Compute the capital allowances which may be claimed for the year to 5 April 2021, assuming no private use of any of the assets.

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Taxation Finance Act 2020

ISBN: 9781292360713

26th Edition

Authors: Alan Melville

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Question Posted: Feb 10, 2024 01:01 AM

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Maurice prepares accounts to 5 April each year. The written down value of his main pool at

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7 April 2020 11 April 2020 11 July 2020 1 November 2020 12 January 2021 Bought plant Sold machinery (original cost 4,000 in 2019) Bought motor car (emissions 104g/km) Bought machinery Sold equipment (original cost 7,000 in 2017) 600 4,200 8,000 400 3,000

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ye 5421 WDV bf Additions ineligible for AIA Disposals 4000 3000 WDA 18 Additions qualifying ...View the full answer

Taxation Finance Act 2020

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