Relief for Leasehold improvements
My estate agent client has spent circa £20K on doing up his leased office. The works include external signage, office fitout, and internal decor.
The works were done immediately after signing the lease and before occupying the premises. The premises could have been still used in theory as an office without extensive works but it was just bare walls!
From what I have read no capital allowances are given on this expenditure as these are building works and the premises do not belong to my client anyway.
So is there any way in which relief can be obtained for these works or is it just a totally disallowable cost?
Any advice/guidance welcome, thanks
- Family Partnership 320 10
- Are any of you members of The Institute of Financial Accountants - Accountnats certificate 1,249 24
- Moving to BTC from Sage Accounts Production 64 1
- Restriction of trading loss and overlap relief 187 3
- Multiple for fee bank purchase 217 5
- Business lending another business money (UK) 326 9
- Manufacturer cashback on fixed asset purchase 99 1
- Does anyone have an old version of Sage for sale? 317 7
- Problems viewing AWeb posts 208 5
- CIC Abbreviated Accounts 205 6
- Business trips - director and family 431 3
- Signed accounts for bank 678 15
- flat rate scheme 2,394 50
- Rollover relief - No new asset purchased 337 5
- Can I prepare dormant accounts? 216 2
- How do you integrate prepaid expenses in to the cash conversion cycle? 118 2
- What route into accountancy would you recommend? 878 12
- Deferring dividends on paper 222 5
- VAT Query on new build 137 1
- How to format Co-operative Accounts 134 1