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How do I enter a balancing charge/allowance for a capital allowance asset that I've written off in a previous year?

Article ID: 1295
Last updated: 03 Aug, 2020

To enter a balancing charge/allowance for an asset that you've written off in a previous year, follow these steps:

  1. Add a new asset.
  2. Choose the type of asset (whichever pool the asset was initially entered in).
  3. Enter the date of acquisition or any date in a prior accounting period.
  4. Tick Asset was disposed of in this period.
  5. Enter the disposal proceeds.
  6. Go to the calculation grid.
  7. Enter the balancing charge/allowance.

For further information on how to create new assets, see our Knowledge Base article How do I write off small pools in the Capital Allowances grid?

Article ID: 1295
Last updated: 03 Aug, 2020
Revision: 7
Views: 3192
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Also read
item How do I write off small pools in the Capital Allowances grid?

Also listed in
folder Tax Return Production -> SA100 Individual Return
folder Tax Return Production -> SA800 Partnership Return
folder Tax Return Production -> CT600 Corporation Tax Return

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