Re: S/E Van purchase...........
- From: "Paul Garbett" <paul.garbett@xxxxxxxxxxxxxxxxxxxxx>
- Date: Sun, 1 Jan 2006 03:10:58 -0000
"Ronald Raygun" <no.spam@xxxxxxxxxxxxxxxxxxxxx> wrote in message
news:mqztf.17728$iz3.16359@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> 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".
>
Configured properly???? MS Outlook Express cannot even be configured to
bottom post FFS!
By writing down to zero I meant that the 25%s each year get to bugger all.
The only option to force a write down to zero is the short life asset rules
for kit with an expected life of four years or less. I only use this for a
few hi tech clients, eg tv / media who spend eye watering stuff on cameras
and editing equipment then flog it or scrap it in a couple of years.
--
Paul Garbett
Garbetts Ltd - accountants
www.garbetts.com
.
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