Paragraph 53 Information about revalued fixed assetsF1
(1)
This paragraph applies where fixed assets are measured at revalued amounts.
(2)
Where this paragraph applies, the following information must be given in tabular form—
(a)
movements in the revaluation reserve in the financial year, with an explanation of the tax treatment of items therein, and
(b)
the carrying amount in the balance sheet that would have been recognised had the fixed assets not been revalued.
Annotations
Textual amendments
- F1
Sch. 1 para. 53 substituted (with effect in accordance with reg. 2(2)-(5) of the amending S.I.) by The Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (S.I. 2016/575), regs. 2(1), 41(h)