- This topic has 1 reply, 2 voices, and was last updated 1 week ago by
Tax Tutor.
Tax Tutor.Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
Vrush.M
- Topics: 1
- Replies: 0
- ☆
When we dispose off a non pool asset the remaining value [Tax WDV – Sales proceed] can be written off using balancing adjustment but, what if the asset is donated to charity then is there some other rule that applies? or do we write off the whole Tax WDV as the sales proceed with a special note or appendix stating that the asset was donated.
Tax Tutor
- Topics: 2
- Replies: 3952
- ☆☆☆☆☆
The disposal consideration would be nil so that full capital allowances would be claimed on the asset
Tax Tutor
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.