C - Maintain

To access this screen select Edit, Capital allowances and click C - Maintain.   

FAQ : I do not want to claim any capital allowances for this year/period, what do I do?

When you select the option a list of the non-pooled assets will be displayed. Highlight the one you want to alter and then click Change.

The following panel will be displayed for you to make changes. Click on the appropriate section of the screen for further help on an item.

Transfer to pool

Business Tax allows the transfer of an asset to a pool during the period. However, if the asset is registered as a car, and the WDV is over the expensive car threshold it cannot be transferred. An asset transferred to the pool must be entered as an addition in E - Maintain asset pools.

Supplementary additions

To enter supplementary additions select Edit followed by Capital Allowances and then Maintain individual assets.

Select the asset for which you want to enter a supplementary addition and enter the appropriate amount in the Additions field.

If a change has been made to the supplementary additions field use ALT+F1 whilst in the WDA/FYA field to recalculate the allowance as this is not done automatically.

AIA

If the company has excess annual investment allowance that could not be used against additions in the pools use the AIA field to claim an allowance against non-pooled assets.  If this field is used the WDA field should also be adjusted.

This field will be disabled if the:

WDA/FYA

This field allows you to amend the WDA claimed in the period. Press Alt +F1 in this field to calculate the maximum figure that can be claimed. If you do not want to claim capital allowance replace the amount in this field with 0.