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A property management companywhich manages the administration of 30 holiday homes has spent € 30k on the installation of tennis courts. This expenditure is funded over 3 years by an increase in the annual charge. Can the company capitalise the €30k and depreciate the asset over 7 years to and claim Cap Alls over the same period. The Management company has a zero CT policy.

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Asked on 24 January 2019 11:25 am