Is AIA Available?

Is AIA Available?

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Client ceased in business with final accounts being drawn up from 6 April 2010 to 30 November 2010.

Client purchased a new computer during the final period. Is AIA available or is it a case of usual balancing allowance?

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By A mum and an accountant
20th Jan 2012 11:47

AIA is not allowed on the cessation of a business.  You can calculate depreciation and the profit/loss on disposal for the accounts.  For the tax return, it would be the value of the computer on disposal, therefore the usual balancing allowance, as you have said.

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