This section allows input and calculation of the Patent allowances pool.
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Written down value b/fwd – enter the written down value of the pool brought forward from the previous period. If the information was rolled forward from a previous period then the written down value will already be populated.
Additions and disposals
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Additions – enter the value of any expenditure in the current period.
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Less: disposal proceeds – enter the value of any disposals in the period.
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Balancing allowance/(charge) – this field will show any calculated balancing allowance or balancing charge for the period. A balancing allowance will only arise on the pool when the business or qualifying activity is ceasing.
Writing down allowance
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Residue – this field will show the balance that is eligible for writing down allowances. This is calculated from the written down value brought forward, plus additional expenditure, minus any disposals.
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WDA @ 25% – this field will show the writing down allowance claimed on the remaining pool balance. Where the period straddles a rate change the rate will be adjusted accordingly.
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WDA not claimed – if you wish to disclaim any writing down allowances, input the amount not claimed. This will remain in the pool to be relieved in a future period.