Hello and welcome to the site. Thank you for your question.Please clarify nature of improvements and money value of expenditure.Many thanks
Hi Tax Advisor, a bit more background info- my client has a new five year lease. In addition to the rental payments there is a contribution towards 'Fit out work' of £400 each quarter. My client has replied that this was to change the internal layout of the offices to create a 'training room'. He delivers sales training workshops & seminars.The extra cost is for just one year - therefore £1600. Would you categorise this as something other than Leasehold Improvements? Thanks, CAS
My client has provided me with the following additional info: "Re fit out. They subdivided the office to create a training room and yes I am liable for dilapidations" - I hope this is helpful to you helping me! Thanks.
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