The amine-borane adduct iPr 2 NH·BH(C 6 F 5 ) 2 (1) and the aminoborane iPr 2 N=B(C 6 F 5 ) 2 (2) have been prepared and crystallographically characterised. Interconversion between the two compounds has been attempted using thermal and transition-metal-catalysed dehydrogenation and hydrogenation protocols and the overall reaction thermodynamics were probed by computational methods. Thermal dehydrogenation of 1 was found to yield 2, together with uncharacterised by-products. Treatment of 1 with the carbene 1,3-di-tert-butyl-4,5-dihydroimidazol-2-ylidene (3) under ambient conditions did not lead to the elimination of hydrogen, but instead