Post cessation receipt?
TAB
Registered Posts: 39 Regular contributor ⭐
Hello, a partnership business cessated @ 31/3/08. Within equipment there were pieces that were to be sold at a later date and then proceeds split between both partners. The equipment was disposed at market values within the accounts & the capital allowances.
Now in 08/09 one of the pieces of equipment has been sold for £500 and £500 was what it was valued at at cessation so am I right in thinking that there isn't any need to do a post cessation receipt because the value and the actual are the same figure?
Any help is appreciated.
Now in 08/09 one of the pieces of equipment has been sold for £500 and £500 was what it was valued at at cessation so am I right in thinking that there isn't any need to do a post cessation receipt because the value and the actual are the same figure?
Any help is appreciated.
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