How to compute capital allowances is when asset is revalued downwards

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July 24, 2015 at 1:11 pm #261659
Samuel
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An asset on which capital allowance has been claimed in the past was revalued down, how will a balancing charge/allowance calculation be made?

How is asset re-valuation treated in company taxation generally?
August 3, 2015 at 7:41 am #264896
mrjonbain
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It won’t have an impact on balancing charge/allowance as asset it still owned.
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