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.

Citation

Parsons, G. (1989), "Expenditure: capital or revenue?", Property Management, Vol. 7 No. 3, pp. 220-225. https://doi.org/10.1108/EUM0000000003329