Draft guidance for individuals and companies on repairs and renewals of assets has been published in Revenue & Customs Brief 05/13. The guidance applies to trades and property businesses and will replace existing guidance in the Business Income Manual. HMRC will publish further guidance for tax professionals later this year.
Draft guidance for individuals and companies on repairs and renewals of assets has been published in Revenue & Customs Brief 05/13. The guidance applies to trades and property businesses and will replace existing guidance in the Business Income Manual. HMRC will publish further guidance for tax professionals later this year.
