Housing revenue account: draft item 8 credit and item 8 debit (general) determination
This consultation has concluded
Detail of outcome
This consultation ran from
Proposals for the treatment of impairment and depreciation in housing revenue accounts of local authorities in England from 1 April 2017.
Ref: ISBN 978-1-4098-4844-8 PDF, 358KB, 14 pages
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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.
Published: 26 May 2016