Annual investment Allowance on capital items brought in on incorporation

Annual investment Allowance on capital items...

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A photographer incorporated and has brought in £8k of capital items that was the Capital Allowances WDV on his sole trade, and deemed to be the value of the pool at the point of incorporation. Can 100% be taken in the first year?

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By Steve Kesby
30th Jul 2013 16:50

No

You can't get AIA on a transaction with a connected person. The company and the individual are connected persons.

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Replying to Fiona Hysom:
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By RG
30th Jul 2013 17:00

i'm not surprised

I imagined there must be something preventing it.

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The triggle is a distant cousin of the squonk (pictured)
By Triggle
30th Jul 2013 21:53

You can still get WDAs though.

Photographers are, however, an interesting bunch. You'd be surprised as to what they buy and then claim is a prop for a photoshoot. Not that I'm suggesting anything of course.

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