How to compute capital allowances is when asset is revalued downwardsForums › ACCA Forums › ACCA TX Taxation Forums › How to compute capital allowances is when asset is revalued downwardsThis topic has 1 reply, 2 voices, and was last updated 9 years ago by mrjonbain.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts July 24, 2015 at 1:11 pm #261659 SamuelMemberTopics: 1Replies: 0☆An asset on which capital allowance has been claimed in the past was revalued down, how will a balancing charge/allowance calculation be made?How is asset re-valuation treated in company taxation generally? August 3, 2015 at 7:41 am #264896 mrjonbainModeratorTopics: 6Replies: 2313☆☆☆☆☆It won’t have an impact on balancing charge/allowance as asset it still owned.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In