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Question 6Capital Allowances
Jump Ltd’s summarised information for the three-month period ended 31 March 2015 is as follows:
Plant and machinery
On 1 January 2015, the tax written down values of Jump Ltd’s plant and machinery were as follows:
| £ | |
|---|---|
| Main pool | 12,100 |
| Special rate pool | 5,700 |
| Date of sale | Proceeds | Original cost | |
|---|---|---|---|
| £ | £ | ||
| Motor car [1] | 7 January 2015 | 9,700 | 9,300 |
| Motor car [2] | 29 March 2015 | 6,100 | 13,200 |
The original cost of motor car [1] was added to the special rate pool when it was purchased, and the original cost of motor car [2] was added to the main pool when it was purchased.
Required:
What is the balancing charge for the period?