holiday let Ltd sale of assets

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My client is running a holiday let as a Ltd. They only have one property and due to the current situation caused by coronavirus they decided not to continue with the business. It has only been raining since October.

They are now trying to sell all the furniture which they spend thousands on but they can only sell it in the usual selling platforms for a fraction of the original price. 
what proof do you need to show this is the market value?

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By johngroganjga
12th Apr 2020 08:16

Why do you need the proof?

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By Cloudcounter
12th Apr 2020 08:35

Lorel13 wrote:

s. It has only been raining since October.

That is bad luck! Still, you hope that it might stop for the summer season.

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By Tax Dragon
12th Apr 2020 09:10

Are you talking about what you should check as the accountant? Use your judgment (you know your client) but the evidence that the usual platforms provide would be good enough for me unless something looked squiffy.

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Psycho
By Wilson Philips
12th Apr 2020 10:03

As John has alluded to, what are your concerns?

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paddle steamer
By DJKL
12th Apr 2020 20:49

Not sure currently much of a market for secondhand furniture, seems somewhat non essential to deal with at present as anyone selling a property right now is certainly not getting a good price, so why the rush?

https://www.knightfrank.co.uk/covid19-advice-on-the-property-market

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paddle steamer
By DJKL
12th Apr 2020 20:49

Not sure currently much of a market for secondhand furniture, seems somewhat non essential to deal with at present as anyone selling a property right now is certainly not getting a good price, so why the rush?

https://www.knightfrank.co.uk/covid19-advice-on-the-property-market

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