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The Total fixed asset additions template is where you decide how each fixed asset addition is treated for capital allowances. You give every addition a tax treatment — for example main pool, special rate pool, structures and buildings allowance, super-deduction, full expensing or short-life asset — and the template totals the additions by treatment and feeds those totals into the detailed capital allowance schedules.

Table of contents 

When should I use this template?

Complete this template before the individual capital allowance templates, because those schedules read their qualifying additions from here. It is the single point at which additions are classified for tax.

What do I need before I start?

A business type must be selected in the Business type section of the Return information template. If none is selected, the template shows a warning and cannot be completed.

Additions are pulled from the Fixed Assets Register — a note at the top confirms "Values included in this schedule are pulled from Fixed Assets Register". If the register is not reconciled, a warning appears ("Fixed Assets Register is not reconciled. Please check before continuing working on this schedule") — resolve that first. Where the register is not used, additions can be entered directly, and certain categories can be populated from the Investment property register.

How do I analyse and classify the additions?

Additions are grouped by category (for example Plant and machinery, Vehicles, Computer equipment). For each you can set the treatment in two ways:

  • Default tax treatment for category — a dropdown on the category header row. Set it to apply a default treatment to every asset in that category at once.
  • Tax treatment — a dropdown on each asset row, which overrides the category default for that asset. Only one treatment can be applied per row, and a treatment must be selected for every row. Where more than one treatment applies to a single addition, choose Multiple tax treatments — this generates extra rows for a breakdown, which must reconcile back to the parent figure.

A separate table deals with intangible fixed asset additions where an election under CTA 2009 s815 (elect to exclude from the intangibles regime) has been made. The Total Fixed Asset Additions (for capital allowance purposes) / TFA Summary at the bottom totals the additions by category and tax treatment (main pool, super-deduction, and so on); these totals feed the later capital allowance schedules.

What do the Export view options do?

Under EXPORT VIEW there are two checkboxes:

  • Export summarised information only (summarised by category and tax treatment) — exports the additions summarised rather than line by line.
  • Hide rounding differences — suppresses rounding differences in the export.

What flows through to the rest of Corporation Tax?

The totals by tax treatment flow into the relevant schedules — structures and buildings allowance, super-deduction, 100% FYA full expensing, 50% FYA, and the main and special rate pools — where the detailed allowance is calculated. Getting the classification right here is what drives the correct allowance downstream.

Frequently asked questions

Where do the additions come from?

From the Fixed Assets Register (a note confirms the source). If the register is not used, enter additions directly; some categories can be populated from the Investment property register.

How do I set the treatment for a whole category at once?

Use the Default tax treatment for category dropdown on the category header row; override individual assets with the per-row Tax treatment dropdown.

Can an addition have more than one tax treatment?

Yes. Select Multiple tax treatments on the row to split it into a breakdown, which must reconcile back to the total for that addition.

What do the EXPORT VIEW checkboxes do?

"Export summarised information only" exports by category and tax treatment; "Hide rounding differences" suppresses rounding differences in the export.