Business Tax: Capital Allowance claim WDA and not FYA for 2nd hand cars( Inc Electric)
Article ID
business-tax-capital-allowance-claim-wda-and-not-fya-for-2nd-hand-cars-inc-electric
Article Name
Business Tax: Capital Allowance claim WDA and not FYA for 2nd hand cars( Inc Electric)
Created Date
29th March 2022
Product
Problem
IRIS Business Tax: Capital Allowance claim WDA and not FYA for 2nd hand cars( Inc Electric)
Resolution
After adding the asset in Capital Allowances, only tick the boxes:
- Include in general pool.
- Motor car rules do not apply – this will stop the 100% FYA box being auto ticked
- Then run the options B recalc and D recalc and the asset will appear in ‘E’ as Additions (non FYA/AIA) and the asset will only get WDA.
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