Capital Allowances

Capital Allowances

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My client has made a very small profit for the year..£5900 ish.  He bought an IPAD which i have added back in the accounts and capitalised. I dont want to claim 100% of it in this tax year as I dont need it.  Can I claim say 20% this year (enough to avoid class 4) and carry the rest forward?  he has no other assets.

Thanks in advance

Replies (4)

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the sea otter
By memyself-eye
24th Nov 2011 11:21

yes

but was the cost sufficientr to be worth capitalising? - don't forget personal use %.

Thanks (1)
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By sheffieldaccountant
24th Nov 2011 11:42

It was £729!  Quite exp I

It was £729!  Quite exp I thought but hey... He claims no personal use.....

Thanks (0)
the sea otter
By memyself-eye
24th Nov 2011 11:55

Boys toys..

I've installed a new kitchen for less (remember MFI?)...

I would always disallow 5-10% just to be safe.

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By barriecoxon
24th Nov 2011 13:27

Just claim 20% WDA, you don't have to claim AIA.

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