Outline two types of capital allowances granted to companies manufacturing bond.

      

Outline two types of capital allowances granted to companies manufacturing bond.

  

Answers


Wilfred
- Investment deduction for ordinary manufacture
- Investment deduction for manufacture under Bond = (100% I. D on ordinary manufacture)
- IBD on stores and warehouses, staff quarters, bore holes, substantial renovations etc.
- Wear and tear allowance on other machines.
- Diminution in value of loose tools and implements.
- Income of a deceased person
Wilfykil answered the question on February 26, 2019 at 05:55


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