A client has recently started in business and has introduced his van (worth £2k) and computer equipment (worth £500). As they are pre-owned assets only WDA are available. The van is 100% business, and is therefore eligible to be treated as a short life asset. Is there any reason why the remaining £500 in the main pool cannot make use of the £1k small pool allowance?
CA23225 specifically states that the allowance doesn't relate to single asset pools, and therefore assumedly the single assets pool's WDV is not considered when assessing the main pool's WDV against the £1k limit.