Re: S/E Van purchase...........

Ronald Raygun wrote:
> Paul Garbett wrote:
>
> Careful, Paul. You added your text after Doobies sig, and included
> it (including the "-- " preceding it). Newsreaders normally discard
> such sigs when composing followups, but yours didn't (probably because
> it's mis-configured). The result is that all your added text appears
> to well-configured newsreaders to be part of a (large) sig, and so when
> I tried to post a follow-up to your message, all your text vanished, and
> I had to do employ some jiggery pokery to save the day.
>
> > Capital allowances on the £3,000 not of £3,000 of course. Presuming the
> > van was bought between 5.4.4 and 6.4.5 the allowance rate is 50%, so
> > claim:
> >
> > £1,500 this year (£3,000 x 50%)
> > £375 next year (bf pool £1,500 x 25%)
> > £281 next year (bf pool £1,125 x 25%)
> > £211 next year (bf pool £844 x 25%) e
> >
> > etc until sold, scrapped,
>
> With you so far
>
> > or written down to £nil.
>
> How does this writing down to zero work, then? I wasn't aware
> such an option was even available. Presumably there are rules
> about how low the WDV needs to be relative to the acquisition
> cost for this to be allowed. Otherwise everyone would write
> down to zero in year 2, thus getting the second 50% rather
> earlier than tediously having to get it in dribs and drabs of
> 25% each year for "ever".

It never gets to £nil. It is transferred to the Plant Pool so unless
the pool is one item only you wouldn't notice if it did (and it
couldn't!). The 50% is an FYA - First Year Allowance.

Happy Hogmanay and please make sure Elizabeth accounts for that
leap-second properly!

.

Relevant Pages

  • Re: S/E Van purchase...........
    ... You added your text after Doobies sig, ... > such sigs when composing followups, ... > down to zero in year 2, thus getting the second 50% rather ... Paul Garbett ...
    (uk.business.accountancy)
  • Re: S/E Van purchase...........
    ... Paul Garbett wrote: ... You added your text after Doobies sig, ... such sigs when composing followups, ... How does this writing down to zero work, ...
    (uk.business.accountancy)