Gordon Owen
-
Wall insulation on commercial property - revenue or capital expenditure?
I have a specific question regarding the eligibility of claiming certain expenditure on whether it would be revenue expenditure and therefore offset against the rental income or capital expenditure. It is regarding work carried out on installing wall insulation on a leased commercial property. Would this be considered maintenance and repairs ? Or would it be classed as capital expenditure improving the property? Any advice would be useful,