Balancing Charge

This topic has 3 replies, 3 voices, and was last updated 10 years ago by fazeel93.

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November 27, 2015 at 12:05 pm #285683
fazeel93
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Does Balancing Charge( negative balance) increase capital allowance figure or decrease it?
November 27, 2015 at 12:46 pm #285687
Mike
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I think Balancing Charge occurs when your Disposal Proceeds exceeds your WDV(a profit on disposal), hence it reduces your capital allowance to have a net effect on your adjusted Trading Income.
November 27, 2015 at 2:55 pm #285728
Tax Tutor
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A balancing charge will reduce the capital allowances of the accounting period
November 28, 2015 at 7:28 pm #286012
fazeel93
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Thanks tax tutor
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