PDA

View Full Version : introduction of capital


wood1e2
3rd June 2010, 15:41
Hi,

A client has just told me that he introduced £x,xxx of assets into the company when it was formed!! Well actually he said they were just there!!

Which I presume he means he introduced them!

Anyway, once introduced as an asset can I then depreciate them?

Bit of a silly question I know but the sun is beating down and I am feeling tired....!! :)

Jenni384
3rd June 2010, 15:47
Hi,

A client has just told me that he introduced £x,xxx of assets into the company when it was formed!! Well actually he said they were just there!!

Which I presume he means he introduced them!

Anyway, once introduced as an asset can I then depreciate them?

Bit of a silly question I know but the sun is beating down and I am feeling tired....!! :)

Yes you can.

Should be introduced at market value. No AIA is claimable as bought from a connected party.

wood1e2
3rd June 2010, 15:58
Thought so thanks :)