Self Employed full 43 - Balancing charge on sales of assets or on the cessation of business use (including where Business Premises Renovation Allowance has been claimed)

Balancing charges arise following a disposal or balancing event, such as the sale, loss or destruction of assets or on the cessation of business use (where the proceeds from the event are more than their tax value). If you sell an item you've claimed capital allowances on, and the sale proceeds or value of the item is more than the pool value or cost (or the residue of qualifying expenditure for BPRA), you'll have to pay tax on the difference (a 'balancing charge'). This includes items where the pool value is nil because you claimed all of the cost previously. Put the total balancing charge, including balancing charges from BPRA, here.