The annual allowance rate for office furniture and fittings is:
A10%
B20%CORRECT
C25%
D50%
ICANTaxationCapital Allowances2022
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Why the answer is B, and why the others tempt you.
Furniture and fittings attract an initial allowance of 25% and an annual allowance of 20% on the residue after the initial allowance.
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