Originally posted by Rafd
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Closing my Ltd - bicycle disposal
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Originally posted by Craig@Clarity View PostIn terms of claiming AIA. A balancing charge deals with any overclaim of capital allowances so if you're looking to complete a financial year just to claim AIA in relation to the disposal of a bike before winding the company up, it makes not difference.Comment
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Originally posted by Rafd View PostThanks for the help, apologies for being a dunce but I don't totally follow as this stuff is new to me. So if I keep the company open for a further year, the claim for AIA would still not be allowed?Comment
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Originally posted by Craig@Clarity View PostYes it would be allowed. All I'm saying is there is no tax advantage to gain from claiming AIA if you're going to get rid of the bike when you wind the company up as you'll be hit with a balancing charge.Comment
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