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Loss on disposal of a Van - is taxable?

pinoyLizpinoyLiz Feels At HomeRegistered Posts: 92
in General AAT student discussion
I need enlightenment, how do you treat the loss on disposal of a fixed asset for taxable purposes? Thank youu so much.


Regards,
L

Comments

  • Steve CollingsSteve Collings Experienced Mentor Registered Posts: 997
    It is treated in the same way as depreciation - it is added back to profit.

    Kind regards
    Steve
  • pinoyLizpinoyLiz Feels At Home Registered Posts: 92
    Thanks Steve

    Thank you Steve
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