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Question 1a Note 4 Alfred
Alfred and Edward King are brothers. They are trying to calculate their balancing payments for the tax year 2013–14, and the following information is available:
Alfred King
(4) The tax written down value of the partnership’s capital allowances main pool at 6 April 2013 was £10,000.
The only capital expenditure during the year ended 5 April 2014 was the cost of £82,000 for refurbishing the second floor of the partnership’s shop during January 2014. The cost was made up as follows:
| £ | |
|---|---|
| False ceiling | 17,600 |
| Display units | 15,100 |
| Tiled flooring | 32,200 |
| Moveable partition walls | 17,100 |
82,000 |
Required:
What are the capital allowances for the tax year 2013/2014?