伊人直播

CAA01/S208

Expenditure on an asset that is used partly for a qualifying activity and partly for other purposes is put into a single asset pool.CA27005. The allowances are reduced on a just and reasonable basis. There may be a change of circumstances, which means that the allowances given exceed the depreciation charge. If:

• the extent of the use of an asset for activities that are qualifying activities falls, and
• the market value of the asset exceeds the balance in the single asset pool for the chargeable period in which the change of circumstances happens by more than 拢1 million,

a disposal value is brought to account.

The disposal value is market value. It is put into another single asset pool and the WDAs in that pool are reduced on a just and reasonable basis taking account of the changed circumstances.

Example

Icarus Airways buys a plane for 拢40 million in its accounts year ended 31 December 2018. It uses the plane 90% for a qualifying activity and 10% for an activity not within the charge to tax in the UK. It claims WDA. The WDA of 拢7.2 million (18% of聽拢40 million) is reduced to 拢6.48 million聽(90% of 拢7.2 million). The pool carried forward at 31 December 2018 is 拢32.8 million. In the year ended 31 December 2019 things change. The plane starts to be used 90% for activities outside the UK tax net. The market value of the plane at the end of this year is聽拢36 million, which is more than 拢1 million more than the pool value of 拢32.8 million. A disposal value of 拢36 million is brought to account. There is a balancing charge of 拢2.88 million (= 90% of 拢36 million - 拢32.8 million) for the year ended 31 December 2019. There is a pool of 拢36 million on 1 January 2020.