Annual Investment allowance
Dottie
Registered Posts: 99 Regular contributor ⭐
Just having a moment....
Sole trader net profit £11,500, but bought a new van for £10,500. Can I restrict the AIA this year? If I do, do I claim capital allowances on the balance carried forward in the next year?
Thanks
Dottie
Sole trader net profit £11,500, but bought a new van for £10,500. Can I restrict the AIA this year? If I do, do I claim capital allowances on the balance carried forward in the next year?
Thanks
Dottie
0
Comments
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yes, you can restrict the AIA and then claim 20% of whatever's left in future years.0
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Don't forget that the amounts that you can calim are being reduced 20% will become 18%0
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Agree that you can restrict the AIA to bring profit down to personal allowance (or whatever's appropriate) and then put the balance in the pool and take WDAs in future years.
18%. Stingy b***ers!0 -
That's what I thought, but just had a moment of doubt. Didn't realise capital allowances was being reduced to 18% though, so glad I asked the question!0
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