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Expenditure on property - capital or revenue?

By: Language: English Series: Company Secretary`s Review ; 11(12) 30 September 1987, 94-95(2)Publication details: 1987Subject(s): Summary: 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.

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.