Commentary

B2.464 Removal and related expenditure

Business tax
Business tax | Commentary

B2.464 Removal and related expenditure

Business tax | Commentary

B2.464 Removal and related expenditure

Costs incurred in moving trading stock, tools and office equipment to new trading premises should be allowable. Expenses relating to the removal of plant and machinery should also be allowable unless the reason for the relocation was expansion of the business1.

To illustrate this point, in Granite Supply Association Ltd1, a company buying and selling granite and moving to larger premises was not allowed to deduct the cost of removing granite and taking down and erecting cranes. .

This practice also applies to a compulsory scheme for improvement or expansion and to compulsory removals, eg where

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial