Balancing charges: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Update header) |
imported>Doug Williamson (Remove surplus link.) |
||
| Line 10: | Line 10: | ||
* [[Capital allowances]] | * [[Capital allowances]] | ||
* [[General pool]] | * [[General pool]] | ||
* [[Tax written down value]] | * [[Tax written down value]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 18:27, 3 September 2018
UK tax.
Capital allowances adjustments arising on the disposal of certain individual fixed assets where the sale proceeds exceed the tax written down value or where there is a negative value in the general capital allowances pool.
Balancing charges increase the amount of taxable profits.
