CT600 and Capital Allowances

Londina

Hi everybody

Does somebody knows if the Capital allowances have to be filled in the CT600 form for Corporation Tax? I received last week a notification about changes in page 3 of the form, but I'm not aware that those pages have to be filled!!

Londina

unbeliavable, still nobody knows this?
how many of you are sitting BTC?? Cannot be only me....:huh:

Gem7321

Yes you have to fill in the capital allowance page.

Londina

Gem7321 wrote: »

Yes you have to fill in the capital allowance page.

OMG since when? it's not covered in my book at all!! don't know where to start otherwise..:crying:

burg

Since allways I'd imagine, unless you have no capital allowances!?

Londina

burg wrote: »

Since allways I'd imagine, unless you have no capital allowances!?

My updated Kaplan book has a big chapter on Capital Allowances and plenty of exercises, but NO WHERE these is an explanation how to fill a CT600 with them, only from the calculation of profits up to the calculation of the corporation tax liability!!
Where can I get a full explanation of it? should I make a complain to them??

Gem7321

Yeah since always. Capital allowances are a big part of BTC, for corporation tax it's essentially the same as capital allowances for an unincorporated business but there can be no personal use restriction.

Even if you have disclaimed capital allowances you'd still have to enter your qualifying additions etc. if you had any (same page as capital allowances on the ct600)