Thank you for your feedback.

Was this useful?

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

Thank you for your feedback.

Was this useful?