Btx-shorr life assets
topcat
Registered Posts: 452
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?
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'annual investment allowance should be allocated against additions in the special rate and general pool before it is allocated against a short life asset'0
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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..0
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'aia is available against short life assets and the business can choose the expenditure against which the aia is matched'0
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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.AAT
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