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!
23rd Oct 2020
1
Structures & Buildings & Plant - grant receipt
How to allocate an unspecified grant to the best advantage