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Question

Tax (England)

Repairs -v- Improvements

22 Mar 2016 | 2 comments

Hello, having recently bought a property which required a lot of work; for HMRC purposes what is capital and what is expenditure, as they are treated differently for tax purposes! Some work was necessary but not all.

Answer

2 Comments

    • Nicholasstott

      Thank you – I am not sure that it is an exact science but as long as I can back up what I do then it should keep me out of prison!! Your help is brilliant thank you.

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