Αποτελέσματα Αναζήτησης
10 Οκτ 2014 · Capital or Revenue. I like to proceed on an economic basis. Anything done to maintain the capital fund is revenue. Anything done which improves the capital value is an improvement. Suppose the original fund is 500,000 pounds i.e. the value of the house when rented out. Maintaining the house at 500,000 is revenue.
12 Ιουν 2018 · HMRC have helpfully said that generally replacement windows can be treated as revenue expense which in most situations is preferable from a tax perspective. My client has replaced alot of old windows with some much better new windows which certainly represent an improvement on the old. However it would suit my client better from a tax ...
26 Φεβ 2007 · Plant and machinery capital allowances are likely to be available for a substantial proportion of any capital element of the works (e.g. conversion works, new facilities and improvements). The precise proportion will depend on the nature of the particular works carried out, but it is not uncommon to see 50% to 60%+ of this type of expenditure qualifying for capital allowances.
13 Μαρ 2017 · One owner paid for all the capital expenditure but they jointly own the property. Joint property owners, lived in it for a few years, then rented out and now sold. Property ownership is 40%/ 60%. The 60% owner paid for all of the capital expenditure (new kitchen, bathroom etc). To calculate the gain should the expenditure be used to calculate ...
21 Οκτ 2009 · In financial reporting terms, this cost is referred to as ‘subsequent expenditure’. This issue is clarified in FRS 15 ‘Tangible Fixed Assets’ and in paragraph 6.22 of FRSSE (effective April 2008), as well as in IAS 16 ‘Property, Plant and Equipment’. This article concerns the provisions in FRS 15, although the FRSSE equivalent is a ...
25 Μαΐ 2023 · Alterations to a building may be so extensive as to amount to the reconstruction of the property. This will be capital expenditure and it can’t be deducted as an ordinary revenue business expense. Rebuilding, whether forced on the customer or voluntarily undertaken, is capital expenditure and the whole cost can’t be deducted in computing ...
31 Μαΐ 2012 · Probably capital, but HMRC currently allow a non-statutory renewals basis (but it's being withdrawn) and there are also statutory schemes under S.68 ITTOIA 2005 (for tools - implements, utensils or articles - used in the business) and S.308 (1) (b) (furniture for furnished lettings) that override the disallowance of capital items.
2 Απρ 2015 · If it is capital expenditure, you must capitalise it, as Tenants Improvements, and depreciate the cost over the period of the lease. The availablity of CAs is irrelevant to the accounting treatment. There is no justification for writing off capital expenditure on which no CAs can be claimed as a revenue expense. Thanks (0)
8 Απρ 2016 · Cost of replacement tube would be treated as a repair/revenue expense. During fitting of tube, the louvre (flimsy metal thing that diffuses the light) is bent and it is impossible to re-fit in existing light fitting. After much checking it is established that it is not possible to merely buy a replacement louvre as these are not sold separately!
2 Μαρ 2022 · Having said that, the ongoing maintenance/updating of the website will be revenue for tax purposes. The capitalised expenditure, which is expenditure on software, can be treated as P&M for capital allowances purposes by virtue of s71 CAA. As such, the expenditure would be brought within the ambit of the AIA, assuming some is available, so the ...
