Business Tax Transfere FYA @40%
A-Vic
Registered Posts: 6,970 Beyond epic contributor ๐งโโ๏ธ
Under the new rules the transfereable after the 50,000 written off for the above i am struggling with can anyone shed any light on this for me
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Comments
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Cheers
Hey hang on no bog off0 -
Maybe I'm being dense but I don't understand the question?0
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am getting a little confused with this myself.
But we were told if a company made purchases between 5th April 2009 - 4th April 2010 an item over the first year allowence and have deducted the ยฃ50,000 maximum any transfered amount would get the 40% capital allowence. we were told this and not shown a proper example. as a matter of fact the tutor didnt even know about this it was pointed out by a student.0 -
Bluewednesday wrote: ยปMaybe I'm being dense but I don't understand the question?
Me neither but thats cause at the moment I dont understand any question in DFS lol0 -
Me neither but thats cause at the moment I dont understand any question in DFS lol
It won't help that you're talking about DFS and AVic is on about BTC!!!
I couldn't interpret the question either - Bluewednesday I don't think you're being dense!
I think AVic is very confused - so much so that she has gone into cyber-babble!!!!!!!!
Methinks the second attempt to explain the problem is much better, although I suspect there are still some bits of the question missing.
A xFMAAT - AAT Licensed Member in Practice - Pewsey, Wiltshire0 -
A-Vic is correct:
First Year Allowance (FYA) at 40% on AIA qualifying expenditure exceeding ยฃ50,000 if purchased between 1 April 09 and 31 March 10.
Never pro-rated if period of account is not 12 mths - always given in full.
This replaces WDA in the period of acquisition (i.e. you cannot have both DYA and WDA in the same period on that asset).0 -
Right A vic - got it now!
What did you want, the layout of the calculation or an explanation about why it happens?0 -
its more the calculation. For instance if aportioned (say 6 months)
Sorry about my waffle before was at work and didnt have my notes0 -
Thanks for the replies by the way it is helping0
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I suppose what we need is some sort of chart/genius rule which could help put all of the capital allowances into the different areas. A bit like mnemonics? (sp) This is the bit I'm on at the mo too.0
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