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Finance lease expenditure restriction analysis |
See Also
Finance lease debtor additions analysis | Fixed asset addition analysis | Fixed assets
Select from the following headings:
Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors
This schedule should be completed for each asset category acquired under a finance lease identified on the Fixed assets additions analysis schedule, where the asset category comprises several leased assets acquired in the period on different dates.
The schedule can be developed from the Fixed assets additions analysis schedule and the Finance lease debtor analysis schedule.
The user is prompted to complete the Description, Date acquired and Cost fields from which the software will derive the amount of capital expenditure eligible for capital allowances this period.
The amount computed in the Qualifying next period field will automatically be shown as a memorandum entry in the relevant capital allowance schedule this period, and will be included as part of the balance upon which capital allowances are calculated in the following accounting period.
Note: This schedule does not carry forward.
This schedule has no standard sub-schedules.
This schedule does not carry forward.
Error | How to
solve it |
| Acquisition date not within period | In order for a deduction to be calculated for the finance lease, it must have been acquired during the accounting period. If the acquisition date is not within the accounting period, the deduction cannot be claimed in the current computation as the lease was not held at that point. Ensure that the acquisition date is within the accounting period. |
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