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Equity release accounts entries for rental properties

  • Member PM.Dip
  • Practice Licence
  • 14 posts
  • # 120197

(all figures are fictional, but my scenario is as follows)

A non limited company client has a rental property

The client buys a property for £64k (which is already logged in the Assets from an earlier period)

at the end of December 2020, the property has then been revalued at £150k

The client decides to put released equity, from thisproperty, for the sum of £110k into the business bank account

The client then uses £50k from the same bank account to put on a deposit for a new property.


What would be the entries for this scenario.

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