Capital Allowance Calculations for Form 12

[Fifitrix]

I recently applied for a tax rebate on student fees and was sent a form 12 to complete in respect of rental income.

I get confused by this part of the Form 12 every year and would appreciate any advice on 2 questions:

Question No. 1 - How to calculate Capital Allowances year to year?

This is how I have calculated it for the past couple of years:

Goods to be depreciated as at 2008 : €4,053.71

To calculated captial allowance : €4,053.71 x 12.5% = €507
Balance to carry forward : €4,053.71 - €507 = €3,546

Now am I supposed to calculate the figure for 2009 as 12.5% of the original amount of €4,053 or the reduced amount of €3,456?

Also if I bought white goods during 2009 can I add them to the whichever figure is correct if the €4,503 or the €3,456 before calculating the 12.5%?

Question No. 2
What can I consider to be part of Capital Allowances ie is it white goods, furniture etc?


I hope the above makes sense and would appreciate any comments, suggestions or advise.

Thanks in advance!

 

[Josvill2010]

CA for this year would be exactly the same amount eg 507 for another 6 years