Aia question

UK Discussion in 'UK Accountancy' started by Jacksonrtw, Feb 21, 2012.

  1. Jacksonrtw

    Jacksonrtw

    Joined:
    Feb 21, 2012
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    Location:
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    Hello everyone,

    Just a Corporation Tax query I would like to float.

    My scenario:

    FRIST YEAR
    Profit and Loss = + £4000
    Money spent on Equipment (Fixed assets) = £9000

    Question:
    I can claim Annual investment allowance on the purchased equipment, a potential for £9000 tax relief.
    However I only made £4000, meaning £5000 tax relief is unused.
    How do I go about claiming that tax relief? Is it lost? Or can it be calculated in the following years return?

    I know the number one response is likely to be....GET AN ACCOUNTANT....but any help would be greatly received.

    Best,

    Paul
     
    Jacksonrtw, Feb 21, 2012
    #1
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