System is not producing a balancing allowance on pooled assets
- Article ID
- ias-11844
- Article Name
- System is not producing a balancing allowance on pooled assets
- Created Date
- 22nd October 2014
- Product
- IRIS Business Tax
- Problem
- When an asset has been disposed in the pool no balancing allowance is being produced.
- Resolution
- Pooled assets would only be given a balancing allowance once the business has ceased to trade. The value of the asset will continue to be carried forward and written off until the business ceases.
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