Does new trader get double AIA?

Posted by abi.ukonlineco.uk PM | on Thu, 21/07/2011 - 12:57 2730 6 comments | report

I am unclear as to how much AIA this new trader is entitled to for the one month's trading falling into 10/11...

May - Aug 2008: pretrading capital expenditure of £1,305. (AIA maximum £50k for 08/09 applies to this expenditure)

There was a delay in being able to start the business, and the unused equipment was brought into use on 1/3/11.

A van was purchased at the beginning of March 2011 for £12,592. (AIA maximum £100k for 10/11 applies to this expenditure)

Is he allowed a twelfth of 50k, a twelfth of 100k, or some combination of the two?

What a nightmare CAs have become!

Comments

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Euan MacLennan | Thu, 21/07/2011 - 14:08

abi.ukonlineco.uk | Fri, 22/07/2011 - 10:05

Ernest N Dever | Fri, 22/07/2011 - 10:57

abi.ukonlineco.uk | Fri, 22/07/2011 - 11:02

GWhaley | Mon, 01/08/2011 - 14:47

mwngiol | Mon, 01/08/2011 - 15:15