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Unamortised revenue expenditure allowed on sale of asset (West Burton Property Ltd v HMRC)

Published on: 15 June 2021
Published by: LexisPSL
  • Unamortised revenue expenditure allowed on sale of asset (West Burton Property Ltd v HMRC)
  • Why it matters
  • Case details

Article summary

Tax analysis: In West Burton Property Ltd v HMRC, the First-tier Tax tribunal (FTT) held that the company was entitled in principle to a deduction in computing its property business profits for deferred revenue expenditure on maintenance that remained unamortised when the asset to which it related was sold. or take a trial to read the full analysis.

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