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Property income S271A(10) election for GAAP

Property S271A(10) election for GAAP

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Now we all have to consider whether or not to elect under S271A(10) for GAAP to apply to property income and expenses. But how should we elect? Can we put it on the return under additional information or do we have to write to HMRC each year with a formal signed election, which would be a pain. Anyone know what HMRC will accept?

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By Wanderer
12th Jul 2018 10:21

Box 20.2 on UKP 2.

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