Election in respect of original asset

If the original asset was subject to a fixed rate election – see CIRD12905 – then each one of the resulting assets is deemed to also be subject to a fixed-rate election. They are treated as being subject to a 4% election from the start of the later accounting period (AP), taking their cost as their tax written down value at the end of the earlier accounting period.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.