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Q1. Norma has prepared a set of accounts for the nine-month period to 31 December 2019. The written down value of her plant and machinery at 31 March 2019 was as follows: Main pool 178,400 Toyota motor car 18,200

Plant and machinery transactions during the period to 31 December 2019 were:

17 April 2019	Bought plant	64,450
1 May 2019	Sold Toyota motor car	15,000
1 May 2019	Bought Saab motor car (emissions 100g/km)	29,600
4 June 2019	Bought motor van	14,500
12 October 2019	Bought Ford motor car (emissions 47g/km)	11,600
3 November 2019	Bought Peugeot motor car (emissions 116g/km)	15,400
1 December 2019	Sold plant (original cost 10,000 in 2015)	3,400

There was 50% private use (by Norma) of the Toyota and Saab motor cars. All acquisitions of cars as of new. Prepare a capital allowances computation for the period to 31 December 2019.

Personal allowance 12,500

Transferable amount 1,250

Income limit 100,00

Where adjusted net income is 125,000 or more, the personal allowance is reduced to zero.

Plant and machinery Main pool 18% Special rate pool 6%

Motor cars

New cars with CO2 emissions up to 50 grams per kilometre 100%

CO2 emissions between 51 and 110 grams per kilometre 18%

CO2 emissions above 110 grams per kilometre 6%

Annual investment allowance Rate of allowance 100% Expenditure limit 1,000,000

Cash basis Revenue limit 150,000 Cap on income tax reliefs Unless otherwise restricted, reliefs are capped at the higher of 50,000 or 25% of income.

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