How do you account for capital allowances where an asset has been disposed of but 100% Annual investment allowance already claimed. In this case there is no pool of assets at tax written down value
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Balancing charge
You have a balancing charge for the disposal proceeds.
I believe if you had asset pools available, then the proceeds could be deducted from the appropriate pool. A balancing charge would only be applicable if the proceeds exceeded the pool balance.
Agreed
You do have a pool. It's just that the balance on it is nil.
You deduct the sale proceeds (restricted to original cost) from the balance on the pool.