On BALANCING ALLOWANCES (BA) can BA be c/fwd?

My profit is below the tax threshold - can I carry forward my BA on disposal of a vehicle?

Didn't find your answer?

I have balancing allowances (BA) on a part private use car available this year but my profit is low such that no tax is payable, without claiming capital allowances.

If I don't claim the BA, will they be lost, i.e. must BAs be claimed immediately?

To claim all of my balancing allowances seems to be a waste if I can carry them forward.

Replies (2)

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By Tim Vane
28th Dec 2016 18:51

You cannot disclaim BA, only WDA. c.f. CAA 2001 s56(7) and s65.

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RLI
By lionofludesch
29th Dec 2016 09:55

No, sorry.

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