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Capital Allowances

millyvanilli · 2009-05-26 14:49:49

hope this is not inappropriate, is it possible to only use the amount of capital allowances to leave an income that is covered by the personal tax credit and pay the 3% prsi ..is their a time limit on using capital allowances..many thankks MV

26-05-2009 2:49pm

#1

millyvanilli

Registered Users, Registered Users 2 Posts: 64 ✭✭

Join Date: September 2008

Posts: 58

hope this is not inappropriate, is it possible to only use the amount of capital allowances to leave an income that is covered by the personal tax credit and pay the 3% prsi ..is their a time limit on using capital allowances..many thankks
MV

0

Comments

#2 27-05-2009 7:31am

jamesonandcoke

Closed Accounts Posts: 18 ✭

Join Date: January 2008

Posts: 12

Assuming they're wear and tear allowances the simple answer is no..........if you have capital allowances then they must be used against your income fully and and unused allowances will be carried forward for future years.

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#3 27-05-2009 10:26am

millyvanilli

Registered Users, Registered Users 2 Posts: 64 ✭✭

Join Date: September 2008

Posts: 58

thank you MV

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