Accounting Procedures after making an S.266 Election
krgbook
Registered, MAAT, AAT Licensed Accountant Posts: 1
Good morning,
We have a client who has incorporated.
We are making a S.266 election at TWDV about £2k.
My question is, what disposal proceeds to we put through on the sole trade accounts, the £2k, NBV or MV?
And how do I bring them into the limited company, and at what Value?
Any help would be much appreciated.
We have a client who has incorporated.
We are making a S.266 election at TWDV about £2k.
My question is, what disposal proceeds to we put through on the sole trade accounts, the £2k, NBV or MV?
And how do I bring them into the limited company, and at what Value?
Any help would be much appreciated.
0
Answers
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What is the MV of the asset? How much does the sole trader want for the asset?0
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I take it you sorted this out then?0
