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Post Info TOPIC: Cafe closing down
ck1974


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Posts: 39
Date:
Cafe closing down
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Hi there, thanks again for all the advice Ive been given on this forum.

A friend of mine has closed her cafe and sold the assets for 5K which are on the accounts as being worth £20k, she knows she cant claim depreciation for the year in which they are sold but how will she account for the difference ? She does her own tax returns and only has this one problem that Im aware of.   Oh, its a partnership with her and her husband, in case thats relevant.


Thanks in advance.

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