Tx notes fa22 Final

Calculate the capital allowances for the year ended 31 March 2023. 
Accounting period to 31 March 2023
4 May 2022
Purchased plant for £50,000
30 June 2022
Purchased a motor car for £11,200 with CO
2 
emissions of 40g/km
6 July 2022 
Purchased a motor car for £14,100 with CO
2
emissions of 70g/km
15 March 2023 
Purchased a new electric motor car with zero CO
2
emissions for £14,400
AIA/
FYA
Main Pool
Special Rate 
Pool
Allowances
£
£
£
WDV b/f
40,000
Additions qualifying for AIA
Plant
50,000
AIA
(50,000)
(50,000)
Other additions
Motor car (40g/km)
11,200
Motor car (70 g/km)
14,100
51,200
14,100
WDA @ 18%
(9,216)
(9,216)
WDA @ 6%
(846)
(846)
Additions qualifying for 100% FYA
Motor car (zero g/km)
14,400
FYA @ 100%
(14,400)
(14,400)
Total allowances:
(74,462)
WDV c/f
41,984
13,254

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4. Sale of plant and machinery 
When plant and machinery is sold in the accounting period the 
lower of
 
the sale proceeds and 
original cost of the asset, is deducted from the pool before computing the WDA of the accounting 
period in the normal way. 
This will result in either a balancing allowance or a balancing charge:
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