I am a sole trader and I purchased an MWB van for my business in 2018/19 for £10,000. The use is 90:10 business-to-personal, and I claimed £9,000 as an AIA at the time.
The van I bought is too small, and I need a larger one. I plan to keep the small van and use it for personal use. What is the procedure for disposing of the van from my business in my accounts?
I estimate that the current value of the van to be £5,000-6,000.
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