If my client buys an asset within the annual investment allowance. Do they have to set the whole expenditure against AIA or only part of it?
My understanding was that you set the expenditure against AIA or claimed Writing Down allowances. You can't claim a part of the expenditure against AIA and claim WDAs in future years to make the best use of the personal allowance or tax rates.
Am I correct?
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Yes you can restrict the AIA. The rest will be brought forward and eligible for WDA.
CAA 2001 s51A(7)