The complex and changing world of capital allowances

In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again.

  1. What will the general plant pool capital allowance be from April 2012?

  2. What year was the last year Industrial Buildings Allowance available?

  3. What does not qualify as an integral feature?

  4. When the capital allowances change next year what is the hybrid general pool allowance rate for a business with a year end of 31 December 2012

  5. What items can be included as a short life asset pool?

  6. Under what CO2 g/km rating can a business car obtain 100% capital allowances

  7. Annual Investment Allowance has changed many times, which of the following was not a monetary limit set for the allowance

  8. When was the last First Year Allowance available for corporate entities?

  9. 100% allowances is available for environmentally beneficial plant and machinery, which one of the following is not included in this allowance?

  10. Business premises renovation allowance is set to be abolished from April 2012, what is the current relief for qualifying expenditure?