Capital allowances by pool and balancing charges

WeFile allows you to enter a detailed breakdown of your capital allowances and balancing charges, routing your figures perfectly into their specific CT600 analysis boxes.

Allowances by Pool

Instead of merging your allowances, you can break them down by pool. These map directly to CT600 boxes: Annual Investment Allowance (AIA) to box 690, special rate allowance to box 693, special rate pool to box 695, main pool to box 705, structures and buildings to box 711, and other allowances to box 725.

Balancing Charges

If you sell an asset for more than its tax written-down value, you may face a balancing charge. WeFile supports entering balancing charges for the main pool (box 710), special rate pool (box 700), and others (box 730). These are automatically treated as taxable add-backs and seamlessly integrated into your adjusted trading profit computation.

Qualifying Expenditure

HMRC requires you to report the qualifying expenditure incurred in the period separately from the allowances actually claimed. You can enter this for first-year allowances (box 760), long-life assets (box 770), structures and buildings (box 771), special rate allowances (box 773), and other plant and machinery (box 775). WeFile enforces HMRC's rule that box 773 must be completed whenever box 693 is claimed.

Legacy Fallback

If you do not require a detailed breakdown, the legacy single 'Capital Allowances' figure remains accepted for backward compatibility, automatically handling the most common main-pool scenarios.