September 2025 ACCA Exams

How was your exam? Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

TX- MYS

This topic has 1 reply, 2 voices, and was last updated 5 years ago by martindeo.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
February 23, 2020 at 9:16 am #562791
jmchen
Member
- Topics: 2
- Replies: 2
Hi guys, I am currently studying Chp 11 Relief for Capital Expenditure. I am so doubtful with this statement: “Balancing charge made on a person in relation to an asset shall not exceed the total of all allowances made to them in relation to that asset.”. Could anyone please explain to me what does it mean? Thanks in advance!
February 25, 2020 at 7:10 pm #563136
martindeo
Participant
- Topics: 2
- Replies: 78
It means that the Balancing Charge (reduction of Capital Allowance) cannot be great than the amount previously claimed.
Ex. If you had claimed 1,000, the balancing charged to “pay back” cannot be more than 1,000, it can only be less or equal to 1,000
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.