To enter a balancing charge/allowance for an asset disposal, follow these steps:
- Browse to the Capital Allowance section of the chosen return
- Ensure you are using the calculator and click on Add a new asset.
- Complete the asset details
- 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
- Enter the date of acquisition or any date in a prior accounting period.
- Tick Asset was disposed of in this period.
- Enter the disposal proceeds.
- Go to the calculation grid.
- Enter the balancing charge/allowance.