Home For everyone Chat and off-topic discussion
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚

Help! Capital expenditure

DiannewDiannew Font Of All KnowledgeRegistered Posts: 2,814
We are changing an area in work from a stock room to a reception area.....

This is including a small amount of alteration work...A partion being built and replastering work.....Could this be capatalised with depreciation or classeD as repairs and renewals...

a new ceiling, heating and lighting and frontage is also happening but I know how to treat these it is just the building work that I am unsure on.

I have looked into the Inland revenue's take on this and nothing is written in stone...

Could anyone advise asap please as I have the invoice on fornt of me ready to put into the accounts.

Thank you
Sign In or Register to comment.