fish farm co and refurbishment capital expenditure part grant aided

C

clangan

Guest
My company currently runs a fish farm operation. During 2009 in under went refurbishment & capital expenditure.

455 of this expenditure was grant aided.

My question can the refurbishment expenditure be an expenses in profit & loss account for taxation purposes?

The capital expenditure allocated to balance sheet for capital allowance.

Is farming refurbishment tax allowable in the year it occurs same way a licence premises (PUBS) and hairdresser are allowable.