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Balancing Charge: may arise when you sell, give away or stop using a capital item in your business; balancing charges increase your taxable profits.

Best Estimate: an estimated figure you use in your Company Tax Return based on all information available at the time you completed your return.

Business Asset Roll-Over Relief: when your company or organisation sells or disposes of some types of business asset, such as land and buildings, but intends to buy a new asset to replace it, it may be possible to defer the payment of any tax that would normally be due on any chargeable gain; see chargeable gain.