How much AIA to claim - YE March 2016, £547,000 spent

How much AIA to claim - YE March 2016, £547,000 sp

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Hello

Three Qs in one day :) I must be thick or summat.

Ltd co. YE March 2016, so max AIA to claim is 425K (500 x 9/12 + 200 x 3/12)

Expenditure was 352K in Dec 15 and 195 K in Jan 16.

Please can someone confirm my CA comps

AIA = 352 (all less than 375K so cool!), ?, + 50K (3/12 x 200) = 402K

the remaining 145K is relieved at 18%.

Total CA claim is 428,100.

Please confirm. THank you

 

 

 

Replies (4)

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By Paul D Utherone
25th Aug 2016 08:12

Looks good to me. Because the limit dropped you can claim the max for the year from pre and what's left from post.

Perhaps the only change you would want to make would be if more than £50k of the post fell in an 8% pool

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Replying to Paul D Utherone:
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By HeavyMetalMike
25th Aug 2016 10:27

Thank you. But why the 8% pool? (It's a big truck by the way). What's the benefit of the 8% pool.

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Replying to HeavyMetalMike:
RLI
By lionofludesch
25th Aug 2016 12:04

There isn't one. But, if you have some 8% pool additions, you should use your AIA against those first, because you'll be able to claim bigger WDAs against the excess over the AIA.

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Replying to lionofludesch:
By Paul D Utherone
25th Aug 2016 16:43

What he said :)

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