Hi,
I’m fine on the rental income and expenses calculations but a little fuzzy on how capital allowances (CAs) work apart from being able to use 12.5% each year over 8 years, specifically in relation to unused CAs. I’d really appreciate a steer.
Many thanks
Thomas
I’m fine on the rental income and expenses calculations but a little fuzzy on how capital allowances (CAs) work apart from being able to use 12.5% each year over 8 years, specifically in relation to unused CAs. I’d really appreciate a steer.
- Should capital allowances (CAs) be used to bring myself into a paper loss situation each year?
- If so, can this paper loss be carried forward?
- At the end of each year, will the CAs unused be lost?
- If not, at the end of Year 8, will the unused CAs be lost?
Many thanks
Thomas
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