Expenditure on property - capital or revenue?
Smith, L.
Expenditure on property - capital or revenue? - 1987 - Company Secretary`s Review 11(12) 30 September 1987, 94-95(2) .
With reference to relevant case law the author explains the difference between capital and revenue expenditure when major works have been carried out on a property . Repair will usually qualify for revenue treatment while an improvement will not.
CAPITAL ALLOWANCES
CAPITAL EXPENDITURE
IMPROVEMENTS
TAX RELIEF
Expenditure on property - capital or revenue? - 1987 - Company Secretary`s Review 11(12) 30 September 1987, 94-95(2) .
With reference to relevant case law the author explains the difference between capital and revenue expenditure when major works have been carried out on a property . Repair will usually qualify for revenue treatment while an improvement will not.
CAPITAL ALLOWANCES
CAPITAL EXPENDITURE
IMPROVEMENTS
TAX RELIEF