Thank you for this blog which I found really useful.
I have a question for you which one of my clients asked me - I work in mainly personal tax so am unsure.
If a company purchases a factory which they intend to rent out, can they claim CA's on expenditure before they actually begin renting out the property? I should mention that they already own and let out other commercial properties.
My answers
claiming CAs on property to let
Thank you for this blog which I found really useful.
I have a question for you which one of my clients asked me - I work in mainly personal tax so am unsure.
If a company purchases a factory which they intend to rent out, can they claim CA's on expenditure before they actually begin renting out the property? I should mention that they already own and let out other commercial properties.
Thank you in advance for any advice