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  • Main Pool Additions: Not Qualifying For AIA or FYA: Special Rate Pool Short Life Assets Private Use Asset

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    Meta Shrestha
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    The document outlines the tax treatment of different types of assets for a company. It shows additions and disposals of various assets that are placed into different pools for depreciation purposes. The main pools include a special rate pool, main pool, and private use assets pool. Various assets either qualify for Annual Investment Allowance, First Year Allowance, or standard writing down allowances depending on their emissions levels or use. The document tracks opening and closing balances within each pool.

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    The document outlines the tax treatment of different types of assets for a company. It shows additions and disposals of various assets that are placed into different pools for depreciation purposes. The main pools include a special rate pool, main pool, and private use assets pool. Various assets either qualify for Annual Investment Allowance, First Year Allowance, or standard writing down allowances depending on their emissions levels or use. The document tracks opening and closing balances within each pool.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    10 views2 pages

    Main Pool Additions: Not Qualifying For AIA or FYA: Special Rate Pool Short Life Assets Private Use Asset

    Uploaded by

    Meta Shrestha
    The document outlines the tax treatment of different types of assets for a company. It shows additions and disposals of various assets that are placed into different pools for depreciation purposes. The main pools include a special rate pool, main pool, and private use assets pool. Various assets either qualify for Annual Investment Allowance, First Year Allowance, or standard writing down allowances depending on their emissions levels or use. The document tracks opening and closing balances within each pool.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    Special rate short life Private use

    Main Pool pool assets asset


    TWDV b/f
    Additions:
    Not Qualifying for AIA or FYA:
    Second hand cars (upto 50g/km) X
    Cars (50 -110g/km) X
    Cars (over 110g/km) X
    Cars with private use X

    Qualifying for AIA:


    Special rate pool expenditure X
    Less: AIA (Max 1,000,000 in total) (X)
    Transfer balance to special rate pool X

    Plant & Machinery X


    Less: AIA (Max 1,000,000 in total) (X)
    Transfer balance to main pool X
    Disposals (Lower of original cost and sale proceed) (X) (X)
    X X X X
    Balancing Allowance / (Balancing Charge) X / (X)
    Small Pool WDA

    WDA at 18% (X)


    WDA at 6% (X)
    WDA at 18% or 6% depending on emmissions) (X) * BU%

    Additions qualifying for FYA


    New low emission cars (upto 50g/km) X
    Less: FYA at 100% (X) 0
    TWDV c/f X X X
    Total Allowances
    Allowances

    X / (X)

    X
    X
    X

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