Btx-shorr life assets

topcattopcat Trusted RegularPosts: 452Registered
Hi What does this statement mean because I don't understand it. Does it mean the capital allowance of £250,000? If not what is annual investment allowance?

Comments

  • topcattopcat Trusted Regular Posts: 452Registered
    'annual investment allowance should be allocated against additions in the special rate and general pool before it is allocated against a short life asset'
  • topcattopcat Trusted Regular Posts: 452Registered
    Oh hang on just realised aia is annual investment income! Haha But I thought you could choose if it is allocated against general pool or short life asset pool? Meaning the above still doesn't really make sense..
  • topcattopcat Trusted Regular Posts: 452Registered
    'aia is available against short life assets and the business can choose the expenditure against which the aia is matched'
  • Clintm15Clintm15 Well-Known FarehamPosts: 247Registered
    The rules regarding short life assets may have changed but for me it was assets with an expected life of less than 8 years. They have their own pool and the balance can be written off if the asset is sold.
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  • topcattopcat Trusted Regular Posts: 452Registered
    Clintm15 wrote: »
    The rules regarding short life assets may have changed but for me it was assets with an expected life of less than 8 years. They have their own pool and the balance can be written off if the asset is sold.

    Thank you that makes sense now just fancy wording
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