Topic results Annual Investment Allowance (AIA)

CCH Corporation Tax
Assets Qualifying for AIA
This document outlines procedures for inputting capital acquisitions and calculating capital allowances for trading income and management expenses. It provides step-by-step instructions on entering costs into the Main Pool, Special Rate Pool, and SLAs, emphasizing the need to input acquisition dates. Additionally, it directs users to the Fixed Asset Additions screen for specific allowance types and discusses the process for claiming the annual investment allowance (AIA) within the Tax Planning section of the software.
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CCH Corporation Tax
Claiming AIA
This document provides instructions on how to claim the Annual Investment Allowance (AIA) using specific software. It outlines the necessary steps to enter qualifying additions into relevant pools and offers guidance on where to find the AIA Claim section within the Tax Planning area. It explains the calculation of maximum AIA available based on various accounting period conditions and how to allocate AIA against qualifying expenditures. Additionally, it addresses special considerations for short life assets and warns of exceeding allowable claim limits.
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