Capital Allowance: Assets Acquired on Hire Purchase (Finance ACT 2020)- Taxation/ Adv. Tax

[@melarachel6669]

God bless you for this teaching. You made it easy.

[@Ezikan]

Amen, thanks

[@IbrahimAlkali-by1nh]

Sir, you are doing well, may God Almighty continue to strengthen you

[@Ezikan]

Amen, thanks

[@maryamallison5915]

God bless you, I was trying to solve the question in the study pack and it was confusing until I watched your video

[@Ezikan]

Amen

[@blessingudoh7577]

Thank you sir. God bless you sir.

[@Ezikan]

Amen, thanks

[@umennakabarbara3270]

Thank you was really helpful

[@joycenwokidu6435]

Thank you sir

[@Ezikan]

Glory be to God

[@Birdie-d8m]

Thank you

[@Ezikan]

Glory be to God

[@Birdie-d8m]

@@Ezikan please can you treat hydrocarbons

[@joychris5288]

Sir, for the calculation of annual allowance, i thought we are to use the number of years in the basis period to prorate it?

[@Ezikan]

Annual allowance
Number of year equal 100 divided by annual allowance rate

[@Ezikan]

You can apply time appointments where the number of months in the basis period is not up to 12

[@Speaklifewithmoyo]

Sir in 2028 YOA why did you divide the annual allowance of the 3rd category of asset with 2years instead of 4 years

[@Ezikan]

It is a single asset. Annual allowance has been claimed on first category based on found year, on the second based on three years and on the third based on two year and on the fourth based on one year. That marked the end of the life of the asset which is four years in total