In C Wills v HMRC (TC00479 – 18 May), an individual (W) claimed a deduction of £43,665 for substantial repairs to an old building which he let to tenants.
Business tax: Repairs to let property
In C Wills v HMRC (TC00479 – 18 May) an individual (W) claimed a deduction of £43 665 for substantial repairs to an old building which he let to tenants.
HMRC issued an amendment disallowing the deduction on the grounds that this was capital expenditure. W appealed. The First-Tier Tribunal allowed his appeal applying the principles laid down in Conn v Robins Bros Ltd Ch D (1966) 43 TC 266 and finding that 'the disputed work undertaken was one of essential repair'.
Why it matters: This case indicates that the long-established case law illustrating the distinction between capital and revenue expenditure may still be relevant. HMRC...
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In C Wills v HMRC (TC00479 – 18 May), an individual (W) claimed a deduction of £43,665 for substantial repairs to an old building which he let to tenants.
Business tax: Repairs to let property
In C Wills v HMRC (TC00479 – 18 May) an individual (W) claimed a deduction of £43 665 for substantial repairs to an old building which he let to tenants.
HMRC issued an amendment disallowing the deduction on the grounds that this was capital expenditure. W appealed. The First-Tier Tribunal allowed his appeal applying the principles laid down in Conn v Robins Bros Ltd Ch D (1966) 43 TC 266 and finding that 'the disputed work undertaken was one of essential repair'.
Why it matters: This case indicates that the long-established case law illustrating the distinction between capital and revenue expenditure may still be relevant. HMRC...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
