Capital Allowances & Stolen Assets

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Postby Taxsolver on Mon Oct 03, 2005 2:11 am

If an asset (van) is stolen and there is unclaimed capital allowances on this item, can the remaining balance be claimed in the year of the theft.(No insurance proceeds were recieved for the van)
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Postby deanshepherd on Mon Oct 03, 2005 2:19 am

Yes, unless the van was pooled in the capital allowances computation.


Dean Shepherd
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MMI Accountancy
www.mmi-online.co.uk
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