Potential client

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El Mariachi
El Mariachi Registered Posts: 1 New contributor 🐸
Hi all,

I have a potential client who is a builder and he is looking to start up self employed. I am a little torn as to how to value his equipment. As he is not buying it brand new, it is difficult to put a value on them. Does anybody have any experience of this and can I still claim first year allowances on them once valued?

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  • groundy
    groundy Registered Posts: 495 Dedicated contributor 🦉
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    You can claim relief for existing equip at its realistic market value as used, however you can not claim AIA, you can only claim normal CA's.
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