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Capital Allowance query
Comments
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Strictly - and this may help you - the key date is the date when the asset is first brought into use in the business, not the date of purrchase. Sorry missed the key bit off this, which is that this only applies to Hire Purchase deals.Hideous Muddles from Right Charlies0
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All the new equipment was bought before April '11 and used
Thanks for the answers people, I've been doing a bit of calculations today and it would seem even 2011/12 years earnings are going to be shy of paying tax. So would I be better to claim 100% of some of it and carry a small loss forward or just forget it till next years tax return to see what would be best?
Decision will have to be made before I go out to work tomorrow lunchtime haha
so feel free to chip in and make me choose the right way
Ian0
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