I have a new self employed client who's form of income is rental income......he rents some units / old stables that are on his dad's land and pays him a small amount each month for them, my client then rents them out to his own customers as storage space, he also rents containers that he leases from a supplier. In 2013/14 tax year he purchased a new steel building for approx. £14,000 as additional rental storage space and I'm not sure how to handle this in the accounts, do I claim the IBA allowance each year or can I claim capital allowance for the full amount as its not a fixed building ........... I'm going round in circles with this dilemma.......
Thank you.
-- Edited by lisa marie on Thursday 10th of April 2014 08:21:36 AM
