Jonrich
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All Weather Surface Capital Expense

All Weather Surface Capital Expense

I have someone who has built an all weather surface purely for their business on their own land.  I would presume this is a capital expense and not allowable for capital allowances?

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25th Feb 2016 12:50

Not necessarily

It's capital but may or may not be allowable for capital allowances, or may be partly allowable, you haven't given us much to go on. You can read more here

http://www.hmrc.gov.uk/manuals/camanual/ca21260.htm

 

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25th Feb 2016 13:03

It would be really frigging useful if you explained what the frigging business actually is and how the all weather surface is used. But there is guidance here: http://www.hmrc.gov.uk/manuals/camanual/CA21260.htm

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25th Feb 2016 13:13

Guidance

You will notice that Portia's guidance and Duggimon's guidance look very similar.

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By Jonrich
29th Feb 2016 15:52

Its dog training, does that change things?

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29th Feb 2016 15:59

It might? I asked a second question.

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29th Feb 2016 16:00

Well, you’ll need to separate expenditure into capital and revenue. That alone can be woof, I mean tough. Even then, you might find that you’re barking up the wrong tree.

Once you have distinguished what is capital and what is revenue, you can decide if it’s eligible for capital allowances. It’s up to you to lead the way without HMRC collaring you.

I know what you’re thinking, am I fur real?

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29th Feb 2016 17:21

classic

Portia

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