I had a work vehicle for 8 years and disposed of it in December 2018, the final year of the capital allowance claim. The annual claim is €867 which will be claimed for 2018. The vehicle was sold for €3000. It appears the vehicle was sold for a 'profit'.
How is this accounted for in an income tax computation and capital allowances computation?
A replacement vehicle was purchased in December 2018.
Can capital allowances be claimed against two vehicles in the same year?
How is this accounted for in an income tax computation and capital allowances computation?
A replacement vehicle was purchased in December 2018.
Can capital allowances be claimed against two vehicles in the same year?