Capital Allowances for assets already owned
I registered as a sole-trader in August 2010. Prior to this date I already owned two computers which are now used for business purposes. From what I gather, even though they were bought before the business began, I can bring these items into my business as fixed assets and claim 100% FYA Capital Allowances on their market value circa August 2010?
How do I work out the market value on such items - is there a calculation/percentage of the original cost which is commonly used to determine market value? Or is a rough figure based on: "what I would have got for them if I sold them on eBay" sort of thing acceptable?
Any guidance on this would be much appreciated.
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