Accounting Procedures after making an S.266 Election

krgbook

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.

douglasstroud

What is the MV of the asset? How much does the sole trader want for the asset?

douglasstroud

I take it you sorted this out then?