I have a bit of a conumdrum and not sure how to proceed.
I have 2 clients who have both purchased a property (1 is commercial the other is residential) with the intention of renting them out - both are in Ltd company's. I am treating the properties as assets in the same way as a van or computer system and therefore depreciating them (over 25 years).
On preparing the accounts and company tax return it occurs that I would include this on the capital allowances section and claim CA's accordingly as I would any other asset but I am in 2 minds as to whether this is the correct treatment. The return indicates that they should be grouped in the Integral Features section and CA is claimed at 8%.
What are your thoughts?