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Case V rental (residential) cap allowances

Heisenburg81 · 2017-10-17 09:41:17

What is the correct treatment of Case V rental capital allowances on a residential buy to let when the property is sold? Does a balancing charge computation have to be done? How would these be achieved in reality - Cost base easy to ascertain but what about sales?

17-10-2017 9:41am

#1

Heisenburg81

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Join Date: December 2016

Posts: 187

What is the correct treatment of Case V rental capital allowances on a residential buy to let when the property is sold?
Does a balancing charge computation have to be done?
How would these be achieved in reality - Cost base easy to ascertain but what about sales?

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Comments

#2 17-10-2017 9:53am

barneystinson

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Join Date: April 2010

Posts: 4605

Heisenburg81 wrote: »

What is the correct treatment of Case V rental capital allowances on a residential buy to let when the property is sold?
Does a balancing charge computation have to be done?
How would these be achieved in reality - Cost base easy to ascertain but what about sales?

Theoretically yes, a computation should be done, but how likely do you think it would be for a balancing charge to arise?

Would you buy a 3 year old fridge/sofa/bed for >62.5% of its original cost?

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