The following Corporation Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
A property investor receiving rental income can't deduct from that rental income the cost of the capital expenditure in buying the property, or indeed any alterations thereto, any installation of fixed assets, etc. However, relief may be available for certain types of expenditure in commercial property under the capital allowances regime. Capital allowances can be given in a number of ways, namely:
An allowance may also be due for:
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