Week 3 Flashcards
1
Q
Full expenses (FE)
A
Bought after 1/4/23
100% minused. (The minused value in brackets into the CA)
2
Q
Annual investment allowance (AIA)
A
‘New’ & used P&M
E.g used plant, used van, used lorry
Max £1m, if total AIA less than £1m then minus full amount of AIA
3
Q
First year allowance (FYA)
A
New zero car emissions
0g/km CO2
100% minused, that value into CA
4
Q
When do we use SR pool
A
With cars with above 50g/km CO2
5
Q
Assessable trading profit calculation
A
Adjusted trading profit - CA
