Balancing charges: Difference between revisions
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imported>Doug Williamson m (Spacing) |
imported>Doug Williamson m (Tax/Pension check - category added 23/10/13) |
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Balancing charges increase the amount of taxable profits. | Balancing charges increase the amount of taxable profits. | ||
== See also == | == See also == | ||
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* [[Residue after sale]] | * [[Residue after sale]] | ||
* [[Tax written down value]] | * [[Tax written down value]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Revision as of 11:06, 23 October 2013
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.
