BTC - small pool allowance

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val0123
val0123 Registered Posts: 42 Regular contributor ⭐
As I understand it, the balance in the general pool will be written off once the WDA has reduced it to below £1000. I was wondering if anybody knew if this rule also applies to other 'pools' ie expensive car, high emission cars etc ?

Hate all these tax rules - sending me bonkers !!!

Thanks

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  • valentino46
    valentino46 Registered Posts: 124 Dedicated contributor 🦉
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    hi val,

    if there is a balance of 1000 or less in the general (main) pool this amount can be claimed with a balncing allowance before the WDA is calculated.



    rob
  • val0123
    val0123 Registered Posts: 42 Regular contributor ⭐
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    Thanks Rob, do you know if the allowance applies to the general pool only ?
  • qwerty
    qwerty Registered Posts: 82 Regular contributor ⭐
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    The allowance applies to the general pool and the special rate pool, but not to single asset pools, see http://www.hmrc.gov.uk/manuals/camanual/ca23225.htm. Therefore, the rules would not apply to expensive cars.
  • val0123
    val0123 Registered Posts: 42 Regular contributor ⭐
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    That's sorted that one out, thank you.
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