Expenditure: capital or revenue?
Abstract
Examines expenditure on property held by an investor or a person running a business, particularly the contrast between capital expenditure for Capital Gains Tax purposes and that allowed for income taxation purposes. Considers the possible effects of proposals for new VAT laws on the property industry. Surmises that the distinction between revenue and capital expenditure is still not fully resolved, being a “live” issue affected by current practice and future cases.
Keywords
Citation
Parsons, G. (1989), "Expenditure: capital or revenue?", Property Management, Vol. 7 No. 3, pp. 220-225. https://doi.org/10.1108/EUM0000000003329
Publisher
:MCB UP Ltd
Copyright © 1989, MCB UP Limited