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.
Share This Page
We are sorry you did not find this KB article helpful. Please use the box below to let us know how we can improve it.
