TXF6 UK

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
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