Business Tax - Capital Allowances
SammyRPA
Registered Posts: 26 Dedicated contributor 🦉
Hello!
Just revising for my Level 4 Business Tax exam (FA2016, 2013 standards) and have come across a silly question on Capital Allowances computations and it is bugging me..
Kaplan show the process to be non-AIA additions (cars), AIA additions, disposals and then the WDA worked from the totals etc etc. But on the AAT practice questions and performance feedback it shows that disposals should be done first before any non-AIA and AIA calculations..
Does it matter which order they are done?
I know it will end up with the same total before the WDA is calculated, but I just wanted to check if marks could be lost if not following AAT's process of disposal before AIA?
Many thanks!
Just revising for my Level 4 Business Tax exam (FA2016, 2013 standards) and have come across a silly question on Capital Allowances computations and it is bugging me..
Kaplan show the process to be non-AIA additions (cars), AIA additions, disposals and then the WDA worked from the totals etc etc. But on the AAT practice questions and performance feedback it shows that disposals should be done first before any non-AIA and AIA calculations..
Does it matter which order they are done?
I know it will end up with the same total before the WDA is calculated, but I just wanted to check if marks could be lost if not following AAT's process of disposal before AIA?
Many thanks!
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 328 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 57 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 203 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 584 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership