Need help with Business Tax task 3

In practice assessment 1 task 3, the task is about calculating capital allowances which i know how to do, but i am confused about the table it gives you to work it out. Their is usually a pro forma. My question is do i need to fill in the table in a specific way or can i just write what the capital allowance is?

Comments

  • CornishPixieCornishPixie Registered, MAAT, AATQB, AAT Licensed Accountant Posts: 101
    Are you querying that there are not 'titles' in the grid? Eg, General pool, car, capital expenses?
  • daniel_123456daniel_123456 AAT Student Posts: 22
    Yes, i was wondering if i need to type in all that myself in a specific way.
  • CornishPixieCornishPixie Registered, MAAT, AATQB, AAT Licensed Accountant Posts: 101
    Oh and is this question related to Arthur who runs his own decorating business?
  • daniel_123456daniel_123456 AAT Student Posts: 22
    No, my task the name used is George.
  • CornishPixieCornishPixie Registered, MAAT, AATQB, AAT Licensed Accountant Posts: 101
    Yes, but only if it refers to the question. Some questions will require a special pool which is why the headings aren't there. Just complete them as you would normally but choose the headings yourself but then apply the wdv to those specific columns.
  • daniel_123456daniel_123456 AAT Student Posts: 22
    So their isnt a specific format, just as long as i clearly state the correct capital allowances figure?
  • CornishPixieCornishPixie Registered, MAAT, AATQB, AAT Licensed Accountant Posts: 101
    All you will get in your exam is the blank template. It's the same template for shares. But you will need to include all of the lines showing bal bf, acquisitions, disposals and then the wdv followed by the capital allowance calculation at the bottom.

    If you post the question here we can give you a hand.
  • daniel_123456daniel_123456 AAT Student Posts: 22
    Thanks for your help
  • CornishPixieCornishPixie Registered, MAAT, AATQB, AAT Licensed Accountant Posts: 101
    I printed off my own grid to practice with - took lots of photocopies and perfected how to complete the grid for a wide variety of questions. Very useful and saved me loads of time drawing lines on pieces of paper.
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