UK Property 33 - Balancing charges if you dispose of an item in your business

If during the year, you dispose of, that is sell or give away, or stop using an item in your business for which you claimed capital allowances, there may be an adjustment called a balancing charge.

Any balancing charges are regarded as income if you're claiming property income allowance. Put this amount in this box.

For more information about capital allowances and balancing charges go to Help Sheet 252 - Capital allowances and balancing charges, which includes worked examples, or contact HMRC, or your tax adviser.