Chapter 10 - adj to profit Flashcards

1
Q

Capital allowances

A

No private use category

Max length is 12 months

Super deductions is available for companies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Super deductions - capital allowances for companies

What does not claim for super deduction

A

Qualifying assets are plant and machinery

Second - hand assets and cars do not apply

How well did you know this?
1
Not at all
2
3
4
5
Perfectly