Hi All,
I am not sure how to treat the following scenario for tax purposes:
A client introduced assets (equipment) previously owned by him into his business as self employed individual. Would these assets qualify for the annual investment allowance?
If so is the full amout deductable in the 1st year of business ( the book value is £7500)?
Looking forward to your response!
Cheers
Edited at 12 Dec 2011 09:12 AM GMT
|