SE36690 - Deductions from emoluments: capital allowances - calculation of the allowances due - balancing allowances and balancing charges - the value to take

As indicated at SE36680, 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.