Is Painting classed as Capital or Revenue Expenditure?

PepsiMax Registered, AAT Student Posts: 9
I know it may not be an important question. But I just cannot decide if this is Capital or Revenue Expenditure


  • KoopaCooper
    KoopaCooper MAAT, AATQB Posts: 226
    What, painting as in decorating? It's generally revenue expenditure, as it doesn't materially improve the building but rather just bring it back to a serviceable state.

    Unless it can be proven to be one part of a larger overall renovation and extension project, HMRC will reject a claim to capitalise painting and decorating.

    Now, if you were talking about buying A painting as an asset, then that could be a capital expense. :)
    Accounts Executive, ғɪᴀʙ ᴍᴀᴀᴛ
    QBO & Xero certified advisor

    Level 2 Certificate in Accounting - 17 Jun 2015
    Level 3 Diploma in Accounting - 22 Jan 2016
    Level 4 Diploma in Accounting - 19 Dec 2017
    MAAT - 27 Mar 2018

    Advanced Diploma in Accounting and Business...
    F4 Corporate and Business Law - 4 Jun 2019
    F5 Performance Management - 15 July 2019
    F6 Taxation (United Kingdom) - 3 Dec 2019
    F8 Audit and Assurance - 2 Mar 2020
Privacy Policy