Hi, I was wondering if anyone could help how to account for the below aiming for a tax savings for both ltd company and the director. Ex-self employed person was claiming purchases of small assets through cash basis over the period of 2012-2018. The total historical cost is around £10k but assume it could not be sold for more than £5k now. Then he ceased the self-employement and opened Ltd where he is the only director. I know that he can sell the assets to Ltd, and the company can claim it as either expense (for the smaller assets) or capital allowance (for the more expensive ones). Question is, what consequences would that have on his personal taxes (i.e. not the company which would benefit from buying the assets)? I understand that £6k is free allowance for personal possessions sale but as he did not buy these things for personal use in the first instance, this would need to be claimed on his tax return, right? However, since the assets were never claimed through capital allowances, how can he claim a sale of asset on his self employment, since there is none recorded, and since the self employment already ceased? Where this would be reported on the personal tax return besides other income (salary and dividend)?