Balancing allowances: Difference between revisions
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Capital allowances adjustments arising on the disposal of certain individual fixed assets where the sale proceeds are less than the balance of unrelieved expenditure (tax written down value). | Capital allowances adjustments arising on the disposal of certain individual fixed assets where the sale proceeds are less than the balance of unrelieved expenditure (tax written down value). | ||
Balancing allowances reduce the amount of taxable profits. | Balancing allowances reduce the amount of taxable profits. | ||
Revision as of 13:31, 11 July 2018
UK tax.
Capital allowances adjustments arising on the disposal of certain individual fixed assets where the sale proceeds are less than the balance of unrelieved expenditure (tax written down value).
Balancing allowances reduce the amount of taxable profits.
