Help would be appreciated please. A partnership rents a factory and has incurred costs in installing a mezzanine floor for office use. Am I correct that the build costs( floor, window,electrics etc) are treated as improvements to leasehold property and only allowable against any capital gain on disposal of the lease? There is also a cost for soundproofing the floor as there is a noisy machine underneath and clients were worried about health and safety for office staff. Is this allowable (capital allowances?) or is it part of the lease improvement?
08th May 2012 11:14