Allowable Expenditure? | AccountingWEB

Allowable Expenditure?

I have a client, a limited company who has incurred expenditure of £70K on extending and updating the business premises which are owed by the directors. There is no lease agreement in place between the company and the directors. Is the expenditure allowable or is it to be posted to the director's loan account?


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Difficult one without lots more information!

cathygrimmer |
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