cleint has had a finance lease which has come to end and they have retained the asset
they have been given a credit note for rental rebate and a purchase invoice for the asset that contra each other out, no money has changed hands apart from an admin fee
I cant get my head around whats needed, the asset has been on balance sheet with depreciation allowable and this is fully written down
can we claim capital allowances on the repurchase?
thanks in advance