Balancing charges: Difference between revisions
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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. | 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. | ||
Revision as of 11:32, 31 August 2016
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.
