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
- Windows 10 anyone? 203 5
- Can an owner hold company money 65 2
- Digita Accounts Production Advanced - general perception 340 10
- Entrepreneurs Relief, and then new company 407 8
- Bankstream 1,079 25
- Barrister "M25 Patch"? 284 3
- Benefit in Kind 181 7
- SDLT 290 8
- Is self-employment "another job" for PAYE 135 1
- Dutch Accountant 421 1
- Locked Out of HMRC Online Account - HMRC Not Responding 109 1
- FACTA form help with CRS definitions for SSAS 195 4
- Is HMRC Basic Tools basically wrong? 812 4
- Is Xero payroll as rubbish as I suspect it is? 1,614 34
- Restricted interest relief 128 2
- Disengagement Help! 582 15
- Digital tax accounts - what do we expect? 897 16
- Renewals on property rental business 102 1
- Not a question - just a POI 228 3
- MVL 102 2