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Capital Allowance – Annual Investment Allowance Assets – When Sold

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Tax Tutor.

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April 25, 2021 at 3:01 pm #618821
gaganbhardwaj007
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What is tax treatment of when Annual Investment Allowance Assets was Sold?
Do we have to add back sale proceeds to tax adjusted trading profit?
Or do we have to charge CGT on disposal of assets? But 100% chances are when AIA assets sold, it can’t make gain on the disposal of such assets?
please advice?
April 29, 2021 at 1:37 pm #619186
Tax Tutor
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As with so many questions posed by students the problems arise from not working thoroughly through the Study Notes along with the accompanying lectures – please make sure you do this before attempting questions – Chapter 5 deals with capital allowances.
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