Structures & Buildings & Plant - grant receipt

How to allocate an unspecified grant to the best advantage

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Client has purchased a large agricultural shed. Some items are eligible for SBA's, some items are plant.  Large unspecific grant received for the shed.  I would prefer to allocate it to the structure to reduce the amount as 2 or 3% tax relief is not as good as the AIA on the plant.  Does HMRC have any views on this or should I do the proper thing and apportion it........  Many thanks in advance!  

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Psycho
By Wilson Philips
23rd Oct 2020 12:01

Do the proper thing. Always.

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