Capital Allowamce Flashcards
1
Q
Def: AIA
A
Annual investment allowance
2
Q
Def: FYA
A
First year allowance
3
Q
What’s an example where capital expenditure does not result in a capital allowance?
A
Cost of shares
4
Q
Are AIA and FYA proportionated to % business use?
A
Yea
5
Q
Can aia be used on cars or vans?
A
Yea on vans but no on cars
6
Q
FYA does not count towards AIA
A
7
Q
Furniture does not count to AIA
A
