Lift Replacement - Capital Expenditure?

Hi I have a rental property in a communal block. Freeholder (Dulwich Estates) has replaced the original lift system from 1954. This is at a cost of approx £8,000 per flat. The first instalment of payment was due in this tax year. I will be selling the flat in the new year. Am I right in seeing this as a Capital Expense and offsetting this against CGT? Best regards Chris

Hi,
If the replacement is like for like then it would usually be treated as a revenue deduction. However, it depends on the type of system that has been installed. If it has added a significant improvement or increased the value of the property then it may be considered as a capital deduction. The onus would be on the customer to apply the guidance and make this decision. You can see guidance here: 
PIM2030 - Deductions: repairs: is it capital?
Thank you.