How are assets which are rented out claimed for

How are assets which are rented out claimed for

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My client has purchased several motor homes for hire. How can he claim for the cost of these against tax. Can this be covered by the annual investment allowance or are they treated as stock items and have to be valued at the end of each accounting period.

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By Roland195
24th May 2012 09:21

Neither

They are not held for resale so they are not stock however as they are held for the purpose of leasing, you can't claim AIA on them, only WDAs.

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By User deleted
24th May 2012 09:54

Except that ....

... there is no AIA restriction in respect of leased assets. A common misunderstanding because FYAs used to be so restricted.

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