Scenario: A client has sold his rental property four months into the financial year. The depreciation claimed to date has to be reflected in the capital gains calculation. Problem is reflecting only four months worth of depreciation in the Rental Profit and Loss. If I complete the Disposal part all the balance of the asset are automatically taken as a profit in the rental. All I want is to have four months reflected in the Rental P&L.
Answer: Please include a sell date and a proceeds value even if zero, see below-