Page 10 - Capital Allowances Recoupments Part 3 (CTA)

Recoupments:Deferred recouopment (s 8(4)(e)-(eE)

• Choice?

• Requirements?

One asset replaced with another (the replacement asset) and

TP elected that par 65 or 66 of the 8th Schedule should be

applicable.

NB requirements  Proceeds = Base cost or

Proceeds > Base cost

at disposal of asset!

(Full proceeds must be applied to acquire replacement asset!

• 12 months & 3 year rule?

• Interest implications?