EIM36690 - Deductions from earnings: capital
allowances: calculation of the allowances due: balancing allowances
and balancing charges: the value to take
As indicated at
EIM36680, balancing adjustments are
based on disposal value.
If the machinery or plant has been sold this will be the sale
proceeds unless the sale was not at market value. Refer the case to
an Inspector if:
- you suspect the sale was not at market
value or
- the machinery or plant was acquired from a
connected person or
- the adjustment is needed because the
employment has ended or the machinery or plant has permanently
ceased to be used in the performance of the duties.
The Inspector will determine the disposal value in accordance
with CA23250.
