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Post Info TOPIC: Capital Allowance
Silly Digits


Senior Member

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Posts: 200
Date:
Capital Allowance
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Hi

Just need a bit of advice.

My year end is 5 April.

If I was to purchase some sage software before 5 April for approx £550, would I be able to claim 25% of this in my 2008/9 accounts as a capital allowance.  This is not my first year of trading. 



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Wendy


Veteran Member

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Posts: 80
Date:
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Hi

If you decided to capitalise the software you might find that the software would be covered by the new Annual Investment Allowance and subject to 100% write off. In previous years the first year allowance was 50% and then 25% thereafter. In the accounts I would probably depreciate by 25% on a reducing balance basis.



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Silly Digits


Senior Member

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Posts: 200
Date:
Permalink Closed

Wendy

Thankyou for your advice, I will look into that Annual Investment Allowance.

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