Capital Allowances
ICAN Taxation

The annual allowance rate for office furniture and fittings is:

Where an asset is used partly for business and partly for private purposes, capital allowances are:

Capital allowances are granted only where the asset is:

A balancing allowance arises where an asset is disposed of and the:

Savannah Manufacturing Limited commenced business on 1 January and prepares accounts to 31 December. During its first year it acquired the following qualifying capital expenditure: Factory building ₦4…

The initial allowance rate on plant and machinery is:

Investment allowance on qualifying plant and machinery is granted at:

Capital allowances claimable by a company other than one in manufacturing or agricultural trade are restricted to:

Balancing charge arises where: