I've inherited a client who bought a van in 2012-13 for £13k. They only claimed £4k AIA in 12-13, as claiming more would have taken there taxable income below the personal allowance.
My question is now for 2013-14 what can they claim? my client is saying they were advised that they would be able to claim the remaining £9k AIA in 2013-14.
Whereas I think that as the qualifying expenditure was in a previous period, they should only be able to claim WDA on the balance b/fwd of £9k.
Opinions on what is correct please.