Chapter 6 - 2.4 - Small Pool WDA

Question 1

What happens if the balance in the main pool on which the WDA is to be calculated is £1000 or less?

Answer 1

Then the whole amount can be claimed at once rather than having to write down at 18%

Question 2

What is the small pool WDA not available to?

Answer 2

Private use assets

Question 3

What does one need to know about the £1000 limit?

Answer 3

It is time apportioned for periods not equal to 12 months and it is not given in the tax tables