1- If a company buys an equipment for more than AIA threshold (£1,000,000). What happend to the remaining value?
For example: Equipment costing £3,000,000, how to tackle capital allowances considering we are claiming AIA.
2- Same question as above but period is 6 months long only? I understand we simply apportion the AIA threshold to 6 months.
What happens to the remaining value? Do we claim AIA again for 6 months next year?
Can you explain for both limited companies and sole trader?