Withdrawl of election

Posted by ColinH PM | on Thu, 14/06/2012 - 10:12 374 1 comment | report

I have a client who was a sole trade.

The business was transferred to a limited company on 1 November 2009

An election under S266 CA2001 was made to transfer the fixed assets at a value that does not give rise to a balancing allowance / charge for capital allowances

The capital allowances claim is subject to enquiry and it would now appear that it would be beneficial to withdraw the election

Is this possible ?

Comments

There is 1 comment. Login or register to view it.

Out of time?

Paul Scholes | Thu, 14/06/2012 - 14:52