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When considering the small pool write off included in FA 2008 s 81 (now CAA 2001 s 56A) specifically in the case of professional partnerships made up of (otherwise) unconnected individuals I wonder whether the partners' small pools may be written off in isolation.
In such partnerships usually the individual partners prepare expenses claims on which they claim their business expenses paid personally and the capital allowances on assets owned personally but used in the partnership trade. The expenses and allowances are deducted to arrive at the taxable partnership profit for the partner.
May the partner simply write off the small balance on his pool (assets not used privately) or must he consider the balances on the other partners' pools or on the pool in the partnership? In other words in the case of the 20% pool must all 20% pools add...
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