Deductions Recouped
If any part of an amount for which a deduction has been allowed will be included in assessable income because of the disposal, this amount is added back to the Cost Base. Balancing charges in respect of depreciation are an example of deductions recouped.
| Field | Description |
|---|---|
| Details | Refers to the description of the deduction that has been recouped. Standard answers can be created in AE and Series 6 & 8 for details of all kinds. Click [F7] to select from the index of Standard answers, otherwise type the details. |
| Amount | Refers to the amount that has been recouped on the deduction. |
| Date | Refers to the date that the amount was recouped. |