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Podcast: Wealth Made Simple Podcast
Episode: CA Pools
Description: Shaz talks about capital allowance pools and how they work, with a focus on capital allowance and property investing. KEY TAKEAWAYS You can claim less than 18% of your plant and machinery pool, but you may not exceed 18% when claiming. If you don't create a taxable loss, then numbers may be reduced the following year, so it's always wise to claim the full amount where possible. BEST MOMENTS 'The rate is determined by the government' 'You create a taxable loss and carry it forward' VALUABLE RESOURCES shaz@aaa-accountants...