AAT L4 Business & Personal Tax
AAT Level 4 Diploma in Professional Accounting (Q2022) - Business Tax & Personal Tax (BNTA/PNTA)
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A trading company buys a new piece of qualifying plant and machinery costing £120,000 in its year ended 31 December 2024. The company has no associated companies and has not used its Annual Investment Allowance. What is the maximum capital allowance available on this purchase in the year?
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