C clangan Guest 15 Jun 2010 #1 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.
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.