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Capital Allowances and AIA

Hello,

I believe that claiming CA's and AIA for sole-traders / partnerships is NOT an all or nothing claim but rather you may claim UP TO the available allowance.

Can anyone provide any reassurance or even contradict me?

Thanks.

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Yes......

See section 51A(7) CAA 2001

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Agreed -

But if AIA is restricted, the balance carried forward is added to the pool for WDA in following years. AIA can only be claimed for the year of acquisition.

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