Hi

I wonder if someone could clear this up for me. With this years rules for capital allowances are profit and loss acs and balance sheets still prepared using existing methods of depreciation or should these new rules be adopted.

Am I right in thinking if someone is making little or no profit it is pointless applying 50% capital allowance this year as a smaller amount may as well be used to allow more to be offset in future years if profit greater.

Thanks in anticipation
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