Business premises renovation costs
I understand that business premises renovation costs can be capitalised as long as it's brings the premises to a useable condition.
Is this true for costs incurred in converting an abandoned council property to a nursery? Total costs = £45K
Also how should we accounting for capital allowance - FYA, etc. Does this fall under IBA??
These expenses where incurred between 2006 & 2007.
I confirm that the premises does not qualify for BPRA.