- This topic has 1 reply, 2 voices, and was last updated 3 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Hi there,
I am failing to establish exactly why there is not balancing allowance for the Carl question (where Carl bought a car with CO2 emissions 170g/km)
because Car was bought for 16,600 (WDA 6% =964 twdv c/f 15604 and sold at a loss of 12000 (considerign twdv of 15604 is greater than 12000), meaning too little depricaition has been assignedCan you urgently provide assistance?
ThanksLook back at the relevant notes and lectures – see chapter 5 section 7.3 note (b) – the car is allocated to the special rate pool so there is no balancing allowance on its disposal – if the car had private use by the proprietor of the business then a balancing allowance would arise on its sale – this is not the case here!
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.