Main rate assets pool

Main Rate Asset Pool List shows the activities of the company and enables you to enter Main Rate Assets Pool for each of those activities.

To open Main Rate Assets Pool for a particular activity, highlight that activity and select Edit.

Main Rate Assets Pool shows the capital allowances available in respect of assets identified as Main rate assets pool in the Fixed asset register for the activity selected.

WDA Where this is the first period created in the software for the company, enter the Tax Written Down Value of Main pool assets for the activity in the Tax written down value brought forward box.
Writing down allowance / Small Pool Write Off / Balancing charge

This label will change depending on the particular circumstances.

To disclaim any of the calculated Writing Down Allowance / Small Pool Write Off, enter the amount not to be claimed in the Not claimed box.
Additions qualifying for FYA

Shows the sum of assets included in Fixed asset register, for which Type is Main rate assets pool and Qualifies for is any of the FYA options (excluding Super-deduction).

This section shows figures for each type of FYA option and has separate columns of boxes for:

  • assets where Asset capitalised in the accounts remains selected
  • assets where Asset capitalised in the accounts is deselected
  • the total of the above columns
  • the amount not claimed

Each box in the Not claimed column is only editable if the associated Total box has a value exceeding 0.

To disclaim any of the calculated First Year Allowance, enter the amount not to be claimed in the relevant Not claimed box.

The Totals of the Total and Not claimed boxes is shown.

The Total FYA claimed is shown.

Assets qualifying for Super-deduction

Shows the sum of assets included in Fixed asset register, for which Type is Main rate assets pool and Qualifies for is Super-deduction. There are separate columns for:

  • assets where Asset capitalised in the accounts remains selected
  • assets where Asset capitalised in the accounts is deselected

The amount included is the amount of the Super-deduction (not the Super-deduction expenditure).

The Not claimed column is only editable if the Total box has a value exceeding 0.

To disclaim any of the calculated Super-deduction, enter the amount not to be claimed in the relevant Not claimed box.

The Total Super-deduction claimed is shown.

Disposals of assets

This section shows:

  • Balancing charge arising on the disposal of Assets on which Super-deduction or on the disposal of Assets on which FYA - Full expensing claimed. The total of this column is included in Total allowances net of balancing charges (or Total charges)
  • Disposal proceeds for capital allowances on the disposal of Other assets on which no Super-deduction or FYA - Full expensing claimed. The total of this column is shown in Disposal proceeds at WDA
Total allowances (or Total allowances net of balancing charges or Total charges) Shows the total capital allowances (or total capital allowances net of balancing charges or total balancing charges) for the period.
Total tax written down value carried forward If the Total tax written down value carried forward to the next period is not as calculated, then enter the difference between the calculated amount and the actual carried forward amount in one of the Not claimed boxes.

How do I get here?

Assets > Capital Allowances > Main Rate Assets Pool