Loss on disposal of a Van - is taxable?

pinoyLiz Registered Posts: 92 Regular contributor ⭐

January 2010 in 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

0

Comments

• 

  Steve Collings Registered Posts: 997 Epic contributor 🐘

  January 2010

  It is treated in the same way as depreciation - it is added back to profit.
  
  Kind regards
  Steve

  0
• 

  pinoyLiz Registered Posts: 92 Regular contributor ⭐

  January 2010

  Thanks Steve
  
  Thank you Steve

  0