I would appreciate your help on this one.
Example: I filled in my first self-assessment tax return last year (2009/2010) and had an Annual Investment Allowance (AIA) of £700 for a machine.
Question 1: I guess this tax year (2010/2011) I bring the AIA from last year forward as a "main pool" of £700?
Question 2: Can I write the whole amount of £700 off as a Small Pools Allowance? If so, where do I put the £700? Does it go as a Capital Allowance, Balancing Charge or Allowance for small balance of unrelieved expenditure?
Question 3: If I have writen the £700 for that machine off as a Small Pools Allowance, what happens when I come to sell that machine?