Business Tax Transfere FYA @40%

A-Vic

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

jewels.p

A-Vic wrote: »

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

I would if I could but I can't! Lol

A-Vic

Cheers

Hey hang on no bog off

Bluewednesday

Maybe I'm being dense but I don't understand the question?

A-Vic

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 £50,000 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.

jewels.p

Bluewednesday wrote: »

Maybe 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 lol

anniem

jewels.p wrote: »

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 x

mini_schnauzer

A-Vic is correct:

First Year Allowance (FYA) at 40% on AIA qualifying expenditure exceeding £50,000 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).

Bluewednesday

Right A vic - got it now!

What did you want, the layout of the calculation or an explanation about why it happens?

A-Vic

its more the calculation. For instance if aportioned (say 6 months)

Sorry about my waffle before was at work and didnt have my notes

A-Vic

Thanks for the replies by the way it is helping

CrazySexyCool

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.