Just thinking out loud here.
say - a sole trader with only one asset in the general pool. a van which cost £10k , tax WDV of Nil and MV of £2,500. He incorporates and brings the van into the company.
I know that he if he "sells" to his company , then the sales price is what is used in both his and the company's tax comp. they could however sign the s266 election and use the nil tax value in both comps and that would normally happen. I just wonder what is to stop him inflating the amount he sells to the company for, could he sell for say £30k , do the tax election and live off the £30k credit DLA for a while. I'm thinking not , but then again, what's to stop this? Is the amount he seels for capped at his cost? The company will obviously need to write down the £30k purchase which is an issue.