Tax written down value | AccountingWEB

Tax written down value

 I have a company controlled by Mr A & Mrs A equally. This company has ceased trading and sold it's fixed assets to a Newco owned 100% by Mr A's daughter. The Newco is carrying on the same trade previously undertaken. As I understand it the fixed assets can be transferred at twdv under CAA2001 s266 as Mr A and his daughter are connected by virtue of  CAA2001 s575. Please can anybody confirm this is correct.

Many thanks

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if the same person has

eastangliantaxadvisor |
eastangliantaxadvisor's picture

Part 22, CTA 2010: Transfer of trade ....

David Massey |