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How to work out the balancing charge when you dispose or sell plant or machinery after claiming full expensing or 50% first year allowances for them.
Tax and reporting rules for employers who make assets available to employees
As an employer making assets available for use by your employees, you have…
You do not have to report anything to HM Revenue and Customs (HMRC) or pay…
If the asset is not exempt, you must report it to HM Revenue and Customs…
There are 2 steps to working out how much your asset is worth: Take the…
The following guide contains more detailed information: assets placed at…
Tax and reporting rules for assets bought, sold or given
As an employer buying, selling or giving assets to your employees, you…
What you have to deduct, pay and report to HM Revenues and Customs (HMRC)…
Give or sell a new asset to an employee The value is the higher of: how…
The following guide contains more detailed information: assets transferred…
How to work out the balancing charge when you dispose of or sell plant or machinery after claiming allowances for them.
Selling or giving away an asset you claimed capital allowances on - balancing charges, balancing allowances, closing your business, how to claim and pay tax on your tax return
Find out how to value company benefits for your employees.
Find out who is entitled to a share of someone’s property, possessions and money if they die without making a will
A trust is a way of managing assets (money, investments, land or buildings) for people - types of trust, how they are taxed, where to get help.
Use the IHT404 with form IHT400 to give details of all UK assets the deceased owned jointly with another person.
Don’t include personal or financial information like your National Insurance number or credit card details.
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