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Hi,
I'm looking for some help trying to understand the new rules (not that I understood the old one's that well!) for claiming Capital Allowances.
It seems there's a new thing: "Annual Investment Allowance (AIA)"
...and I'm only just able to get to grips with "Writing Down Allowance (WDA)" ... :¬(
Anyone know how all this works?
A simple example would be good.
i.e. A new PC bought in 2008/9 for £1000 - what can I claim this year and for following years (WDA)?
Thanks in advance.
Search Freeola Chat
I'm looking for some help trying to understand the new rules (not that I understood the old one's that well!) for claiming Capital Allowances.
It seems there's a new thing: "Annual Investment Allowance (AIA)"
...and I'm only just able to get to grips with "Writing Down Allowance (WDA)" ... :¬(
Anyone know how all this works?
A simple example would be good.
i.e. A new PC bought in 2008/9 for £1000 - what can I claim this year and for following years (WDA)?
Thanks in advance.
Search Freeola Chat
Page:
For the time being I'm going with this from HMRC:
"You can claim a new capital allowance called an Annual Investment Allowance (AIA), if you bought equipment (but not cars) on or after 6 April 2008 up to an annual amount of £50,000. Add the cost of all the equipment together and, if the total cost is £50,000 or less, you can claim 100 per cent of that whole amount as your AIA. If the total is more than £50,000, then you can claim up to £50,000 of the total as your AIA. Enter the total amount of AIA claimed in this field."
Seems better than before unless I'm missing something.
All the FYA (first year allowance) and WDA stuff seems to have disappeared!? Suits me if I've got it right...
Search Freeola Chat
"You can claim a new capital allowance called an Annual Investment Allowance (AIA), if you bought equipment (but not cars) on or after 6 April 2008 up to an annual amount of £50,000. Add the cost of all the equipment together and, if the total cost is £50,000 or less, you can claim 100 per cent of that whole amount as your AIA. If the total is more than £50,000, then you can claim up to £50,000 of the total as your AIA. Enter the total amount of AIA claimed in this field."
Seems better than before unless I'm missing something.
All the FYA (first year allowance) and WDA stuff seems to have disappeared!? Suits me if I've got it right...
Search Freeola Chat
Hi,
I'm looking for some help trying to understand the new rules (not that I understood the old one's that well!) for claiming Capital Allowances.
It seems there's a new thing: "Annual Investment Allowance (AIA)"
...and I'm only just able to get to grips with "Writing Down Allowance (WDA)" ... :¬(
Anyone know how all this works?
A simple example would be good.
i.e. A new PC bought in 2008/9 for £1000 - what can I claim this year and for following years (WDA)?
Thanks in advance.
Search Freeola Chat
I'm looking for some help trying to understand the new rules (not that I understood the old one's that well!) for claiming Capital Allowances.
It seems there's a new thing: "Annual Investment Allowance (AIA)"
...and I'm only just able to get to grips with "Writing Down Allowance (WDA)" ... :¬(
Anyone know how all this works?
A simple example would be good.
i.e. A new PC bought in 2008/9 for £1000 - what can I claim this year and for following years (WDA)?
Thanks in advance.
Search Freeola Chat
Page: