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CCH Software User Documentation

Capital Allowances

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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

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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

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

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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

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Complete the Movements data entry window

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

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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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