My client acquired a small set of retail units and offices.
After a year or so the client upgraded most of the retail units.
This involved architects, builders, a small extension and renovation as well as the upgrade on the actual shop units themselves.
The builder, architect etc. have all been treated as capital expenditure and no allowances will be claimed. The bulk of the expenditure relates to this capital improvement of the setting.
I am thinking of claiming wear and tear on the following,
Electric gates installation,
fencing off of bin area with gates and fencing
shop upgrade comprising new shop fronts (comprising frames, doors, locks, glazing and roller shutters).
Do you envisage any problem in claiming Capital allowances on these expenditures and more particularly those comprising the shop upgrade.