Transfer of office equipment

Transfer of office equipment

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Dear all

If a 100% sub transfers It office equipment to a fellow sub, for capital allowance purposes, does the transfer have to be at open market value?

If it is just a transfer of the assets (not the trade) can you still elect to transfer at tax written down value?

Replies (3)

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By Ruddles
30th Mar 2016 21:44

No

and no.

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By Newbee Learner
30th Mar 2016 21:50

Thank you - so a transfer at book value will suffice for tax?

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By Ruddles
30th Mar 2016 22:09

Book value

£1.99

£47.36

Whatever you want.

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