IBA & SHARE POOLING

[Jemma]

I HAVE MY BUSINESS TAX SIMULATION TOMORROW AND I NEED A LITTLE BIT OF HELP, I KNOW IBA IS 4% AND IS ONLY ON CERTAIN BUILDING AND I KNOW ABOUT THE FA 1985 POOL BUT CAN YOU GIVE ME ANY IDEAS OR INFO ABOUT ANYTHING ELSE I SHOULD BE AWARE OF ON THESE TWO SUBJECTS

[bryan]

IBA is given on industrial buildings. It is not given on retail premises or land or offices (unless the cost of the office portion of a new build is less tyhan 25% of total cost ( ignoring land cost). It is allowed on land development costs i.e. drainage, roads etc.<BR><BR>85 pool, remember to use IA with rounding from April 82 to March 85, then do not round.<BR><BR>Calculate IA up to each relevant event (purchase or sale) and keep a record of actual cost and indexed cost so as to ensure that you do not allow IA to enhance or create a loss.<BR><BR>How much more do you want? I could probably write a thesis about it!