Discussion
Hi Eric,
Just wanted to clarify my understanding of the proposed changes in capital allowances in April next year.
The way I understand it is that all cars are now put into either a below or above 160 pool (ignoring the sub 110s). As there are nolonger any single asset pools there will be no balancing allowances as there were on the plus £12k previously. The removal of the balancing allowances will significantly pull forward tax payments.
Is this the case?
Cheers
Captain
Just wanted to clarify my understanding of the proposed changes in capital allowances in April next year.
The way I understand it is that all cars are now put into either a below or above 160 pool (ignoring the sub 110s). As there are nolonger any single asset pools there will be no balancing allowances as there were on the plus £12k previously. The removal of the balancing allowances will significantly pull forward tax payments.
Is this the case?
Cheers
Captain
CaptainSlow said:
Hi Eric,
Just wanted to clarify my understanding of the proposed changes in capital allowances in April next year.
The way I understand it is that all cars are now put into either a below or above 160 pool (ignoring the sub 110s). As there are nolonger any single asset pools there will be no balancing allowances as there were on the plus £12k previously. The removal of the balancing allowances will significantly pull forward tax payments.
Is this the case?
Cheers
Captain
I thought these were still just proposals and not yet agreed?Just wanted to clarify my understanding of the proposed changes in capital allowances in April next year.
The way I understand it is that all cars are now put into either a below or above 160 pool (ignoring the sub 110s). As there are nolonger any single asset pools there will be no balancing allowances as there were on the plus £12k previously. The removal of the balancing allowances will significantly pull forward tax payments.
Is this the case?
Cheers
Captain
smartie said:
CaptainSlow said:
Hi Eric,
Just wanted to clarify my understanding of the proposed changes in capital allowances in April next year.
The way I understand it is that all cars are now put into either a below or above 160 pool (ignoring the sub 110s). As there are nolonger any single asset pools there will be no balancing allowances as there were on the plus £12k previously. The removal of the balancing allowances will significantly pull forward tax payments.
Is this the case?
Cheers
Captain
I thought these were still just proposals and not yet agreed?Just wanted to clarify my understanding of the proposed changes in capital allowances in April next year.
The way I understand it is that all cars are now put into either a below or above 160 pool (ignoring the sub 110s). As there are nolonger any single asset pools there will be no balancing allowances as there were on the plus £12k previously. The removal of the balancing allowances will significantly pull forward tax payments.
Is this the case?
Cheers
Captain
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