Plant and Machinery – Main pool – Asset movements

Click the following links for help on: 

Calculation 

Super deduction assets 

This tab contains two grids. The first allows entry of additions to the pool, the second allows entry of disposals from the pool. 

Plant & machinery – main pool – additions 

  • Description – enter a brief description of the expenditure. 
  • Date of expenditure – enter the date of the expenditure, which must be within the accounting period. For pre-commencement expenditure, enter the start date of the accounting period. 
  • Amount – enter the amount of the expenditure. Do not enter pence. 
  • Qualifies for AIA? – if the expenditure qualifies for AIA then tick the box. AIA can be claimed on most expenditure except cars. 
  • Qualifies for 100% FYA – if the expenditure qualifies for 100% First Year Allowance then tick the box. 
  • Environmentally friendly – if the expenditure is for environmentally friendly plant & machinery then tick the box. 

To delete a line from the grid, click Trash can at the end of the line. 

Plant & machinery – main pool – disposals 

  • Description – enter a brief description of the disposal. 
  • Date sold – enter the date of the disposal. This date should be within the accounting period. 
  • Proceeds – enter the disposal proceeds, or the market value if applicable. Be sure to limit the sale proceeds to the original acquisition cost, unless the disposal is not at arm’s length. 

To delete a line from the grid, click Trash can at the end of the line.