CT - Capital allowances Flashcards
(7 cards)
1
Q
What assets qualify for FYA ?
A
R&D
P&M in enterprise zone (new)
Cars (0g and new)
Electric charging points
2
Q
What assets qualify for Full Expensing (FE) ?
A
P&M (new)
Acquired after 1 Apr 23
3
Q
What assets qualify for SRP ?
A
Integral features:
Electric, water, heating
Lifts
Solar shading
Cars (>50g)
Long-life assets (UEL > 25, cost > £100K)
4
Q
What assets qualify for the MP?
A
P&M
F&F
Vans
Cars (<50g)
5
Q
What assets qualify for SLA ?
A
Assets with UEL < 8 years in separate pool so BA can be claimed on disposal.
6
Q
What assets qualify for SBA ?
A
3% straight line on original cost for commercial buildings built after 29 Oct 18.
Time-apportion.
7
Q
In what order should the AIA be given out ?
A
- 2nd hand SRP
- 2nd hand MP
- SRP
- MP
