Capital Allowances - Balancing Charge?

Hi all.  I have a client who has ceased being self employed in the tax year 2011-2012 and become an employee.  I have taken over from a previous accountant but have been unable to get any previous years paperwork or calculations due to the Accountant being seriously ill. 

I know there is a Capital Allowances balance b/fwd of £6k which needs dealing with.  My client does not know what the capital allowance is or that he was even claiming capital allowances.  I think that it is for his vehicle which he still has. 

My question is do I write off the whole balance as a balancing charge (£6k) for the client to then have to pay tax on it? I have been advised by HMRC that is what needs to happen but would like other accountants views.

Thank you for any help provided.

Comments
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Treat as disposal at market value

nutwood |

Thanks the only problem is

uktaylor |

Ask client?

nutwood |

I will go back to the client

uktaylor |

Charge???

BKD |
BKD's picture

M/V at M/V

pawncob |
pawncob's picture

Sorry bit confused now as

uktaylor |

Either ...

BKD |
BKD's picture