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Summary of capital allowances per return

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See Also

Allowances - Plant | Expensive cars | IBAs - multi site | Investment companies | Long life/Special rate assets (including integral assets) | Mineral extraction allowances (25%) | O schedule - Group members | Patents and know-how (25%) | Ships allowances


Select from the following headings:

Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors


Background

This schedule defaults to being a working paper and presents the user with a summary of capital allowances claimed in the underlying computations. In each case the allowance shown includes any balancing allowances and is stated after any waiver of allowances.

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Developing the schedule

This schedule is automatically developed in every group file.

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Completing the schedule

Overview of elements:

Plant - Allowances (including balancing allowances) given as plant and machinery. This caption includes short life assets, long life assets and ships, in addition to general plant.

Long life assets - Allowances given as long life assets

Cars - Allowances on pool cars and expensive cars

IBAs - Allowances given as IBA

Other allowances - All other capital allowances, including mineral extraction allowances and patents and know-how

Allowances not set against trading profits - Allowances given by discharge or repayment or included in expenses of management of an investment company

Balancing charges - All balancing charges arising for each company

Total allowances - The total allowances calculated are displayed in this column.

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Standard sub-schedules

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Carry forward

 

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Related errors

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