What date do you enter for capital allowances

[MARKYWEB]

Hi

I am a little rusty on AIA, WDA and dates for a new business with a trading loss in the first 14 month accounting period.

Assets were purchased prior to incorporation date and entered in general asset pool at purchase date. The tax software then recognises the assets as available for WDV b/f in general pool. Is this correct or are the additions entered not at the purchase date but at the start of the first 12 months of trading for corporation tax purposes. IF they are added at this date then they fall into additions and AIA is available in full.

The assets are below £1,000 so all allowances can be claimed in the first ct600 no matter the date used in the software. Is my understanding correct that capital assets are not apportioned between accounting periods for working out capital allowances.

The first period of account is loss making and therefore I have claimed all allowances to carry forward to offset against future profits.

Thanks