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Should i calculate for balancing allowance if let’s say my asset tax base balance is 0 in year 4 (2000, Capital allowance 25% Straight line method) and i also sold it in year 4 for 800k?
Yes.
The balancing charge or balancing allowance is always the difference between the sale proceeds and the tax written down value (which I assume is what you mean by ‘asset tax base’).
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