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Plant and Machinery loss on disposal

Forums › ACCA Forums › ACCA TX Taxation Forums › Plant and Machinery loss on disposal

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  • December 12, 2019 at 5:42 pm #555802
    Jivesh Seeam
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    • Topics: 19
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    Dear Sir

    When plant & Machinery is sold at a profit, a capital gain arises. But when sold at a loss why is the loss not allowable? How does it get relief through capital allowances?

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