Capital Allowances

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
I'm doing the accounts for a first period company.On the Capital allowances for a car, do I charge WDA 25% on the addition (£3,600). Is the FYA nil?

I'd be grateful for any help.

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Capital Allowances

    Cars only attract the 25% WDA and no FYA but it is capped to £3,000.

    Regards

    Dean
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Capital Allowances

    Unless it's a low emmission car ;-)

    Scott.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Capital Allowances

    oh dear I don't know! Cant wait to do tax courses! I may understand for once! Thanks for al your help

    Nikki
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Capital Allowances
    Scotty wrote:
    Unless it's a low emmission car ;-)

    Scott.

    :wink:

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