Record asset movements for plant and machinery - special rate pool

You can record asset movements for plant and machinery - special rate pool in the Trade Profits section, on the Capital allowances tab.

  1. Add the Trading profits section to the return (or select it if already added), then select the Capital allowances tab.

  2. On the Plant & machinery - Special Rate pool column, select Edit.

  3. Select the Asset movements tab

  4. Complete as follows for each item, then select Save changes. A new line is automatically added. Unwanted lines can be deleted using the bin icon.

Plant and machinery - Special rate pool - additions

For each item, complete the following:

 Enter a brief description of the expenditure.

Enter the date of the expenditure, which must be within the accounting period. For pre-commencement expenditure, enter the start date of the accounting period.

 Enter the amount of the expenditure. Do not enter pence.

Select if the expenditure qualifies for AIA. AIA can be claimed on most expenditure except cars.

 Select if the expenditure qualifies for 100% First Year Allowance.

 Select if the expenditure is for environmentally friendly plant & machinery.

If the expenditure relates to the purchase of a car with high CO2 emissions. This will populate the associated box in the calculation tab.

A new line is automatically added. Unwanted lines can be deleted using the bin icon.

Plant and machinery – Special rate pool – disposals

For each item, complete the following:

Enter a brief description of the disposal.

Enter the date of the disposal. This date should be within the accounting period.

 Enter the disposal proceeds, or the market value if applicable. Be sure to limit the sale proceeds to the original acquisition cost, unless the disposal is not at arm’s length.