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Question 5a Working 1
Plant and machinery
On 1 April 2014, the tax written down value of the plant and machinery main pool was £39,300.
The following vehicles were purchased during the year ended 31 March 2015:
| Date of purchase | Cost £ | CO2 emission rate | |
|---|---|---|---|
| Motor car [1] | 8 June 2014 | 14,700 | 124 grams per kilometre |
| Delivery van | 3 August 2014 | 28,300 | 162 grams per kilometre |
| Motor car [2] | 19 October 2014 | 12,400 | 86 grams per kilometre |
Required:
Calculate Capital allowances as at 31 March 2015.
The following allowances are to be used in answering the questions:
| Capital allowances: rates of allowance | |
|---|---|
| Plant and machinery | |
| Main pool | 18% |
| Special rate pool | 8% |
| Motor cars | |
| New cars with CO2 emissions up to 95 grams per kilometre | 100% |
| CO2 emissions between 96 and 130 grams per kilometre | 18% |
| CO2 emissions over 130 grams per kilometre | 8% |
| Annual investment allowance | |
| Rate of allowance | 100% |
| Expenditure limit | £500,000 |