Capital Allowances (Sole Trader) - 13 Month Period
theothersufyan
Registered Posts: 6
in Business Tax
If a sole trader has a long period of account (13 months), with assets in both the general and special rate pool (30% private use), will the following allowances be time apportioned as follows?
- AIA = 13/12 * £1m
- WDA @ 18% * 13/12
- WDA @ 6% with 30% private use = 13/12 * 6% * 70% for business use portion?
Any clarification would be much appreciated!
- AIA = 13/12 * £1m
- WDA @ 18% * 13/12
- WDA @ 6% with 30% private use = 13/12 * 6% * 70% for business use portion?
Any clarification would be much appreciated!
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