Businesses should also be aware that any interest on hire purchase items is classed as a revenue (trading) expense and not part of the capital expenditure and cannot be claimed back with full expensing. Why was
Maintenance and running repairs can be claimed as allowable expenses. So, for example, replacing a shower, bath, washbasin or toilets is allowable, because they’re classed as repairs, as long as you replace like for like. Improving a property, for example, by adding an extension or doing ...
2013 Performance 2013 Performance As a manufacturer of speciality chemicals, with seven of our global facilities classed as major hazard sites, we are committed to an ongoing, robust programme of process safety management and stewardship across our operations. It is how we protect our business and ...
For capital gains purposes a share reorganisation is not treated as a disposal of the taxpayer’s existing shares or an acquisition of any new shares and new shares issued are treated as though they were acquired at the same time as the existing shares. This may raise questions of share iden...