small pool and capital allowances

small pool and capital allowances

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The is small pool of assets (less than £10000 which have never had capital allowances or AIA claimed (not needed to due to small profits).  In the current year is it possible to write off the whole balance under AIA (small pool) or is the only option 20% WDA for this year, followed by AIA full write off in the next year?.

Confirmation would be appreciated.

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By User deleted
30th Nov 2011 11:33

For starters ...

... the small pool limit is £1,000 (is that a typo in your post?)

If the balance brought forwad is less than £1k then you can write off the full amount this year (not as AIA, but as a small pool write-off - AIA is available only in the year of purchase, you can't carry it forward if unused).

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