Disposal of a Work Related Car - atotaxrates.info
https://atotaxrates.info/tax-deductions/work-related-car-expenses/disposal-of-a-work-related-car/
In principle,a balancing charge adjustment arises because the disposal proceeds of a car effectively give the taxpayer a refund of previous depreciation claims. This “refund” can result in a profit (taxable) or a loss (deductible). However, an apparent profit or loss won’t always be taxable after the privat…
In principle,a balancing charge adjustment arises because the disposal proceeds of a car effectively give the taxpayer a refund of previous depreciation claims. This “refund” can result in a profit (taxable) or a loss (deductible). However, an apparent profit or loss won’t always be taxable after the privat…
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