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Where Taxpayers and Advisers Meet

Depreciation 2%

Nat2321302
Posts:7
Joined:Wed Nov 19, 2014 12:05 am
Depreciation 2%

Postby Nat2321302 » Wed Apr 24, 2024 4:40 pm

Hi I wanted to ask, a client of mine is having rental properties 2 freehold and 1 leasehold in a Limited Company
which he received rental income,

My question is do i need to separate the land and Building of this investment property and depreciate the Building element by 2% on a straight line basis or the investment property not required to be depreciated

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