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Restricting capital allowances claims

Restricting capital allowances claims

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I have a client that in 2016 had an earned income and a new business that with AIA claims made more losses than I needed to offset against total income for a tax refund. I restricted the capital allowances claim accordingly but my question is that in year 2, am I permitted to use the remaining allowances up in full as in AIA because I now need them or do I have to treat them as pool and take the relevant annual percentage?

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By lionofludesch
26th Jan 2018 11:22

You only get one shot at AIA.

In year 2, you're stuck with 18% (or 8%) of what's left.

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