» Allowance for small balance of unrelieved expenditure
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I'm a sole trader and my capital expenses come to £70 this year. The section below confused me:
Allowance for small balance of unrelieved expenditure
If the balance in your 'main pool' and/or 'special rate pool' after claiming Annual Investment Allowance, together with any balance carried forward from any previous year, less any amount you got from disposing of the equipment you no longer use, is £1,000 or less, you may claim that whole amount, or part of it, as a 'small pools allowance' instead of the 18% or 8% Writing Down Allowance. Enter the amount of this allowance in this field. The balance to carry forward will be nil.
Q: Does this mean I can put £930 in box two for unrelieved £1,000 expenditure?