Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: SherwoodCleaningSe on May 15, 2009, 12:17:26 pm

Title: AIA and capital allowance pool
Post by: SherwoodCleaningSe on May 15, 2009, 12:17:26 pm

Just wondered if anybody else was trying to get their heads around this.  From April 08 it looks like you can claim 100% of plant machinery up to £50 000/year(AIA or Annual investment allowance), but the old capital allowance is left over in a pool getting chipped away at 20% a year until it's under £1000 and then you claim the lot.

Does that sound right? 

Simon.  ???

Title: Re: AIA and capital allowance pool
Post by: [GQC] Tim on May 15, 2009, 12:44:16 pm

Sounds right to me, that's how I'm doing it. :)

Title: Re: AIA and capital allowance pool
Post by: SherwoodCleaningSe on May 15, 2009, 01:05:00 pm

cheers  :)

Title: Re: AIA and capital allowance pool
Post by: Moderator David@stives on May 15, 2009, 04:04:42 pm

You can only claim from that date onwards all previous items stay in that pool