Page 36 - Capital Allowances Recoupments Part 1 (CTA)
P. 36
Recoupments
- What is a recoupment?
- When is it applied?
- How is it calculated?
Proceeds limited to cost
Less: Tax value on the date of disposal
Original cost
Less: deductions/allowances
= positive Recoupments
= negative Possible s 11(o) reduction
