AIA, Sole trader -Yr of cessation - would this work
Sole trader incorporated on 1 November 2011.
Plant and machinery bought in May 2011.
Normally accounts are to 31 March.
She would like to claim the AIA as a sole trader. Could she have a shorter accounting period to, say 31 October, so she could claim the AIA, as a sole trader.
Then the final period would be 1 Nov 2011 - 31 March 2012.
Or would that not work, because there are two accounting dates between 6 April 2011 - 5 April 2012, so the basis period would remain as the 12 months to 31 March 2012??
(thanks for any help - have been going round in circles with this, so now can't see the obvious answer)
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