Capital Allowances Summary

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You can view a summary of the company's claim for Capital Allowances on an Accounting Period by Accounting Period basis.

Viewing the Capital Allowances Summary Window

This is situated at Trade>Capital Allowances or Management Expenses>Capital allowances.

  • The majority of the data entries are read only in the Capital Allowances Summary window.
  • You can access the data screens for each allowance by a click on the number.
  • Capital Allowances include Balancing Allowances.

Mutual trading entities

A reduced claim to allowances and charges for Mutual trading entities should be made in the window.

  1. Enter the percentage of the overall allowances and charges to be claimed in the Mutual Trading percentage box
  2. The Net allowances/(charges) being claimed as a result of the percentage entered is displayed

The CT600 will automatically show the restricted amount of allowances and charges claimed.

The computation will only show the percentage claimed on the Capital allowances Summary reports for both trades and Management Expenses.

Topics in this Section

  • You can claim Capital Allowances via the Main Pool.
  • You can claim capital allowances at the special rate in the SR Pool.
  • You can use this for claiming Capital Allowances for Expensive Cars that were bought before 1 April 2009. You can use this screen to enter details for additional Expensive Cars that need to be added to the Expensive Car Pool. You can also view a summary of the Capital Allowances for each Expensive Car and the overall total for the company.
  • You can use this feature to add capital assets eligible for short life assets claims. This section will explain how to create the entries and the information you will see for single and multiple accounting periods.
  • You can use this to claim IBA/ABA for periods up to 31 March 2011. Balancing charges on Enterprise Zone additions can only be shown for APs after this date.
  • You can use this to claim BPRA on qualifying expenditure. The total qualifying addition to a property in an AP should be shown as a seperate asset.
  • You can use this to claim Capital Allowances on expenditure for Research & Development.  The data entries are made by reference to the Accounting Period rather than the Period of Account.
  • You can use this to claim Capital Allowances on Know How acquired on or before 31 March 2002.
  • You can use this to claim Capital Allowances for qualifying expenditure incurred on Patents on or before 31 March 2002
  • You can use this to claim Capital Allowances on Other qualifying expenditure that is not relieved elsewhere within Capital Allowances.


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