AlleviateAccountancy
15th April 2010, 17:21
If not sure what to do with the following, any advice would be appreciated:
A Ltd company has spent approx £10,000 on improving their premises/warehouse which they only rented for approx 12 months. The improvements were building a small dispatch office in the warehouse and concreting a parking area. Not removable items.
I know this would normally be classed as leasehold improvements but as they were only in the premises such a short time can this be expensed to the P&L but are they then disallowable for corporation tax purposes?
Many thanks
Louise
A Ltd company has spent approx £10,000 on improving their premises/warehouse which they only rented for approx 12 months. The improvements were building a small dispatch office in the warehouse and concreting a parking area. Not removable items.
I know this would normally be classed as leasehold improvements but as they were only in the premises such a short time can this be expensed to the P&L but are they then disallowable for corporation tax purposes?
Many thanks
Louise