I’m a book-keeper and have a new client who is a property developer.
He has just received a grant for a property which he is renovation (and will later rent out) and I’m not sure how to treat the grant.
Should it be “offset” against the actual cost of the improvements or shown as income??
If anyone has any ideas I’d be most grateful.
Amanda Jones
He has just received a grant for a property which he is renovation (and will later rent out) and I'm not sure how to treat the grant.
Should it be "offset" against the actual cost of the improvements or shown as income??
If anyone has any ideas I'd be most grateful.
Amanda Jones
