First time of posting here so great to meet you all.
I am hoping someone may be able to provide some helpful advice on dilapidations. Over the last 2 years we have been putting aside a provison for dilapidations for one of our premises. We have recently left the property and moved into a managed office block (only requiring a very small provision). My question is, can i repurpose the provision for our new office space and write the remaining balance back to P&L, or, do is it better practice to write back the entire provision and the begin to provide a new dilapidation for the new property.
Any advice would be greatly appreciated.