BTC/WDA

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:25AM in AAT student discussion
Sorry guys its me again.

Another quick one. I am stuck with he first year WDA for cars in the pool (cost price of less than £12000). Since WDA otherwise is time apportioned, do we need to apportion the 25% WDA for the first year of Car or is it that because it is in pool, it gets full 1 year WDA irrespective of purchase date.

Thanks for the help.

Stella

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC/WDA

    Hi Stella

    As far as I know, the car is just added to the main pool as an addition without FYA then the WDA is calculated as 25% of the main pool. I do not think purchase dates matter as long as it is in the pool at year end date.

    Hope that helps.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC/WDA

    Thanks Nicolabirt

    Very helpful.

    Kind Regards

    Stella
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC/WDA

    Yeah Nicolabirt is correct, cars do not qualify for FYA even if it is an addition in the first year.

    Also remember that there would be no private usage if owned by a Ltd company. (the "company" cannot get in the car physically and drive round town :lol: )

    Regards

    Dean
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC/WDA

    Low emission cars get 100% FYA. (Would have to be described as low emission in exam).

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC/WDA

    Again quite correct but I dont think this is examined at Technician level :D

    Someones been doing ACCA exams lol

    Regards

    Dean
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC/WDA

    I think it is on the BTC exam for this year. That's the annoying thing about the tax exams, the rules change every year. :D
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:BTC/WDA

    LOL that'll teach me for using a 2003 book! :oops:

    Regards

    Dean

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