Lucky Ltd was incorporated on 20 July 2014, and commenced trading on 1 December 2014. The following information is available for the four-month period 1 December 2014 to 31 March 2015:
(2) Lucky Ltd purchased the following assets during the period 20 July 2014 to 31 March 2015:
|19 August 2014||Computer||6,300|
|22 January 2015||Integral features||141,200|
|31 January 2015||Office equipment||32,900|
|17 March 2015||Motor car||12,800|
The integral features of £141,200 are in respect of expenditure on electrical systems, a ventilation system and lifts which are integral to a freehold office building owned by Lucky Ltd.
The motor car has a CO2 emission rate of 82 grams per kilometre.
Calculate capital allowances for the 4 month period ending 31/03/2015.
The following allowances are to be used in answering the questions:
|Capital allowances: rates of allowance|
|Plant and machinery|
|Special rate pool||8%|
|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%|