Selling a business bought item (buggy) - show as income?

[MrsP2C]

I want to buy a new buggy & hope to get some back on my current one. Do I include the money I get for it as income on my monthly accounts? Thanks

[MrAnchovy]

Depends what you did when you bought it. If you included the purchase price in your expenses then include the sales proceeds in your income, if you claimed Annual Investment Allowance then you should include the sales proceeds under "Capital Allowances - Total balancing charges".

[MrsP2C]

Thank you so much!