dockingtrade
Registered User
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Hi,
If you have a piece of equipment that you are getting capital allowance of 12.5% pa and that item is stolen on year 5, can you get a balancing allowance for the remaining 3 years as if it was scraped for 0 in year 5?.
IE
Year 5
TWDV = 5000
scrap (stolen) = 0
balancing allowance 5000 which can be written off ?
If you have a piece of equipment that you are getting capital allowance of 12.5% pa and that item is stolen on year 5, can you get a balancing allowance for the remaining 3 years as if it was scraped for 0 in year 5?.
IE
Year 5
TWDV = 5000
scrap (stolen) = 0
balancing allowance 5000 which can be written off ?