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SA: How do I enter a balancing charge/allowance on disposal of a capital allowance asset.

Article ID: 3269
Last updated: 05 Jan, 2023

To enter a balancing charge/allowance for an asset disposal, follow these steps:

  1. Browse to the Capital Allowance section of the chosen return
  2. Ensure you are using the calculator and click on Add a new asset.
  3. Complete the asset details
    1. Note if you have previously cleared the asset value in a prior year by claiming AIA, the pool needs to be the same and the asset value should be left as £0
    2. Enter the date of acquisition or any date in a prior accounting period.
    3. Tick Asset was disposed of in this period.
    4. Enter the disposal proceeds.
  4. Go to the calculation grid.
  5. Enter the balancing charge/allowance.
Article ID: 3269
Last updated: 05 Jan, 2023
Revision: 2
Views: 465
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Also listed in
folder Tax Return Production -> SA100 Individual Return

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