Housing revenue account: draft item 8 credit and item 8 debit (general) determination
Proposals for the treatment of impairment and depreciation in housing revenue accounts of local authorities in England from 1 April 2017.
Detail
As part of the Housing Revenue Account (HRA) self-financing settlement in 2012, substantial changes were made to the accounting treatment of capital assets. A 5 year transitional period was put in place to help local authorities manage the impact of these changes by allowing them to “reverse out” impairment charges.
This consultation contains proposals on how these items should be treated in the HRA after the transitional period ends.
Documents