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Post Info TOPIC: Gifting from stock items
Mrs B


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Gifting from stock items
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Hi

I have a small hobby business dealing in vintage and antique items from a local antiques centre.   I keep simple ledgers on Excel (sales, expenses, income) so I can report my (albeit lowly figures!) via self-assessment.  I am planning on gifting one of my stock items (a little art deco necklace!) to a friend for Christmas.  Can anyone advise how this should be dealt with please in terms of the book-keeping?  The item originally cost me £10 (purchased a few years ago).  Many thanks for any help you can give.   Jane



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Jane B
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