Forum Message

Annual investment allowance (AIA)

Hello

I purchased computer hardware for £1,000 during the 2010/11 tax year, and recorded this as an asset in Solar.

When I completed my 2010/11 SA tax return, I claimed £1,000 for this under the annual investment allowance scheme.

How do I record this in Solar? If I depreciate the asset, I will effectively be claiming tax relief again during the next tax year.

Thanks
Greg


Posted by Greg on Jan 6, 2012 3:29 PM GMT

Hi Greg,

Just record the depreciation transaction dated on the last day of your previous financial year. See this page for details of how to record depreciation:
http://www.solaraccounts.co.uk/help/how-to-record-depreciation-of-an-asset.php

Regards,


Posted by Mark McLaren (Solar Accounts) on Jan 6, 2012 4:34 PM GMT