A balancing allowance (BA) is a tax-deductible amount in certain countries such as England, Singapore, and Ireland. It is calculated when your fixed assets are sold or written off.

Allowances occur when a change needs to be made to a balance sheet account out of the daily course of doing business. The number of allowance accounts, and their entries, will vary based upon the ...

The new legislation blocks this device by denying the business a balancing allowance in cases where the proceeds are less than they would otherwise have been, as a result of a tax avoidance scheme ...

Balancing adjustments on capital allowances (balancing charges or allowances) are included in your taxable income, meaning Business Asset Disposal Relief (BADR) does not apply to them. If, after ...