API Finance Calculators

Sunday, February 15, 2009

How not to repay the depreciatin you have claimed when you come to sell the property

what you need to do is to attach a schedule to the sale of contract that lists out all th einternal fixtures and fittings at current carring down value. That way the purchaser is buying them at "current carrying value" so that the gain made is a capital gain rather than recouped depreciation.

No comments: