Capital Allowances

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT member discussion
I don't normally calculate Capital Allowances and was just wondering if someone could clarify whether or not FYA can be claimed on equipment already on a premesis when the business was taken over by its current owners. Thanks

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Capital Allowances

    I should approach your line manager for this.

    Regards

    Dean
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Capital Allowances

    On the assumption that the new business owners are not connected to the previous owners in any way then you can claim FYA on the equipment.

    If you're unsure as to the capital allowances computation then I would approach your external accountants as capital allowances can get complex.

    Kind regards
    Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Capital Allowances

    Thanks for that, like I said it is not something I know much about I was just wondering - I know how complicated it can get. Thanks again.

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