Tax
Capital Allowances
Plant and Equipment, Structures and Buildings, Cars, and Company Allowances
3 CPD credits on completion
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Certificate on completion
Downloadable resources
Self-paced learning
About This Course
Course Information
Get 3 units of CPD with this training course to refresh and update your knowledge on Capital Allowances for companies, income from self employment (ISE), and allowances for various different items, such as cars and equipment.
Certificate on Completion
This course is made up of videos, questions and additional reading materials, and accounts for 3 units of CPD. One unit is the equivalent of one hour of learning.
Course Sections
This course is made up of the following sections:
- ISE: Capital Allowances on Plants and Equipment, and Structures & Building Allowance – Video
- ISE: Capital Allowances on Plants and Equipment, and Structures & Building Allowance – Quiz
- ISE: Capital Allowances on Cars – Video
- ISE: Capital Allowances on Cars – Quiz
- Capital Allowances for Companies – Video
- Capital Allowances for Companies – Quiz
- Additional Reading Materials
What You Will Learn
- Describe how capital allowances replace accounting depreciation in the tax-adjusted profit calculation
- Distinguish between items qualifying for the main pool (18% WDA) and the special rate pool (6% WDA), including integral features and long-life assets
- Calculate the annual investment allowance and apply it to qualifying expenditure
- Apply the capital allowance rules for cars based on CO2 emissions: 100% first-year allowance, main pool, or special rate pool
- Explain the structures and buildings allowance for newly constructed commercial buildings
- Identify the differences in capital allowance claims between sole traders and companies
Who This Course Is For
- Tax professionals preparing capital allowance computations for businesses or companies
- Accountants who need to refresh the rules on plant and equipment allowances, car allowances, and the annual investment allowance
- Finance staff involved in fixed asset acquisition decisions where tax relief is a factor
Prerequisites
- Understanding of how accounting depreciation works in financial statements
- Basic knowledge of how trading profits are adjusted for tax purposes
Frequently Asked Questions
Course Details
CPD Credits3
CertificateYes
Pricing
Pricing
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Everything included in your subscription:
CPD certificate on completion
Downloadable resources
Self-paced learning
Expert-led content
24/7 access
Mobile friendly
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