05 April 2024
Has your business disposed of or donated trading stock to an approved donee organisation(s) at less than market value?
From 1 April 2024, you can treat the disposal at its discounted or zero value.
Previously a business had to treat such disposals or donations as being a sale at market value.
Temporary measure replaced
This change replaces the temporary measures, that had been in place as a result of Covid-19 and adverse weather events, which finished on 31 March 2024.
More information
Talk to your tax agent or legal advisor for more information on how this might affect you.
And here’s more information from us you may find helpful:
Last updated:
05 Apr 2024