startCapital Allowances
How To

Capital Allowances

CCH Personal Tax
Last update: Reading time 1 minutes
Capital Allowances

    How to enter and claim Capital Allowances

    Capital allowances for businesses can be entered and claimed within under the Capital Allowances tab within the Accounting period within a business created from the Business Tax section of the Tax Return Data

    Personal_Tax_Tax-Return-Data-Entry_Business_Tax_Capital-Allowances_1.png

    Click on the hyperlink for the allowance to be claimed.

    Create the new asset or pool by clicking on the hyperlink Click here to create a new asset or pool

    Personal_Tax_Tax-Return-Data-Entry_Business_Tax_Capital-Allowances_2.png

    Select the type of pool / asset class to create from the drop down and enter a description. 

    Personal_Tax_Tax-Return-Data-Entry_Business_Tax_Capital-Allowances_3.png

    Then click Finish

    Enter any brought forward in the Written down value brought forward cell and analyse any additions or disposals etc. by clicking on Movements

    Personal_Tax_Tax-Return-Data-Entry_Business_Tax_Capital-Allowances_4.png

    Complete the Movements data entry window

    Personal_Tax_Tax-Return-Data-Entry_Business_Tax_Capital-Allowances_5.png

    To claim annual investment allowance (AIA), enter the amount claimed in thedata entry cell

    Personal_Tax_Tax-Return-Data-Entry_Business_Tax_Capital-Allowances_6.png

    Capital Allowances

    Capital Allowances for Freeport Structures and Buildings and Zero-emission cars have been updated, in addition the rate of Annual Investment Allowance remains at
    £1 million after 31 March 2023.

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