Capital allowances pooling post 1 April 2014

I have a client selling a hotel business which we hoped to complete on 31 March but failed to do so.  I understand that we need to make a joint election for fixtures under s198 but we have not previously made any claims for capital allowances on integral fixtures.  We will now need to 'pool' an agreed figure but I am unclear how this is done in practise.  Suppose we agree a figure of £10,000 - do we create a pool, add this figure as additions and then show proceeds of the same amount so that there is no tax due?  Also do we have to be able to substantiate any agreed figure either by actual invoices (which would be virtually impossible) or by some specialist valuation?

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Lots of issues here

raychidell |

Further to the earlier response

holywood |

Pre 2008

julie b |

RE: Pre 2008

holywood |

24 July 1996

Steve Kesby |
Steve Kesby's picture

Re: 24 July 1996

holywood |

I didn't think so, steve

BKD |
BKD's picture

Agreed

Steve Kesby |
Steve Kesby's picture

Ignore post

Galaxian |
Galaxian's picture

24 July 1996

raychidell |

And one other related point

raychidell |

s198 election

davidholroyd41 |