BTAX AQ2016 AAT Mock Assessment 2 - Q1.3 HELP
Zulaikah
Registered Posts: 2
in Business Tax
If anyone is able to provide an explanation or brief walk through of the capital allowances computation question of the second AAT mock, I would truly appreciate it!!!
(The question is attached)
Thank you

(The question is attached)
Thank you

0
Comments
-
So you want to start by putting in your B/fw information:
From this you have 3 pools:
General
Production car
Harry's car
The additions you need to apply the relevant rules:
Plant can be done by AIA
Harry's new car needs to be given a new pool but I think it can be fully written off through FYA (50%), though appropiate adjustments need to be made for the private use. (This might be wrong I'd have to double check)
Disposals you can just remove from the appropiate pool:
Plant - general
Production managers car - single asset, calculate the balancing charge and apply appropiate %s
Harry's old car - single asset as Production managers car.
Subtotal what you have and calculate the WDA for the general pool.
I am a little rusty on how private use asset pools interact with the FYA and balancing charges so make sure to double check those.
I hope this helps.
AAT Level 4, MAAT
ACCA in progress
F4- Passed Aug 2020
F5- Passed Dec 2020
F6- Passed Sep 2020
F7- Passed June 2021
F8 - Passed Sep 2021
F9 - Passed June 2021
SBL -
SBR - Passed Mar 22
ATX - Passed Dec 21
APM - Passed June 221 -
Thank you for this! It's definitely helped clear up things I had been doubtful about
0
Categories
- All Categories
- 1.3K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 390 NEW! Qualifications 2022
- 174 General Qualifications 2022 discussion
- 16 AAT Level 2 Certificate in Accounting
- 78 AAT Level 3 Diploma in Accounting
- 114 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 276 VAT
- 96 Software
- 281 Tax
- 148 Bookkeeping
- 7.2K General accounting discussion
- 211 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 589 Job postings
- 16 Who can benefit from AAT?
- 37 Where can AAT take me?
- 43 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 24 Apprenticeships
- 67 AAT membership