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BIM67495 - WASTE DISPOSAL: SITE PREPARATION: CALCULATION OF RELIEF: EXAMPLE Site preparation expenditure of £1,200 was incurred on a waste disposal site in the year to 31 December 2010. None
of the expenditure qualified for capital allowances. The total capacity of the site was 800 cubic metres, and it was used as follows: Year to Cubic metres 31.12.10 100 31.12.11 300 31.12.12
400 800 The formula for relief is RE x WD / SV + WD where: RE = the site preparation expenditure less any amount previously deducted WD = volume of materials deposited in period of account
SV = volume of site unused at end of period of account. YEAR TO 31.12.10 In the formula RE = £1,200 WD = 100 cubic metres SV = 700 cubic metres Relief = £1,200 x 100 / 700 + 100 = £150 YEAR
TO 31.12.11 In the formula RE = £1,200 - £150 = £1,050 WD = 300 cubic metres SV = 400 cubic metres Relief = £1,050 x 300 / 400 + 300 = £450 YEAR TO 31.12.12 In the formula RE = £1,200 - £150
- £450 = £600 WD = 400 cubic metres SV = Nil Relief = £600 x 400 / 400 = £600 Previous page Next page Print this page