Hi
Can AIA's be claimed in a company, if the asset is acquired and sold in the same tax period?
Thank you in advance
Replies (8)
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I did, and he said post a question on accountingweb, because someone from Williams Lester accountants with nothing better to do in January is bound to reply
No real need for this is there?
Stick to bending copper pipes, let your accountant do the thinking.
In which case the cheapskate could afford an accountant! Stop being a freeloader and get proper paid for advice on matters you obviously don’t understand.
I did, and he said post a question on accountingweb, because someone from Williams Lester accountants with nothing better to do in January is bound to reply
Correct, as we have now completed all our January returns and are resting and planning a trip to Florida for the kids. Hope you are very busy too….
Take it as a compliment ... that's the first time this OP has posted *any* reply during the last 7 posts he's made in 6+ years!
Hi
Can AIA's be claimed in a company, if the asset is acquired and sold in the same tax period?
Thank you in advance
Yes, assuming it qualifies for AIA and the £1m limit has not been fully utilised.
The proceeds from the sale will need adding back to the main pool to potentially create a balancing charge/allowance.