Property refurbishments and maximising tax relief

Are you setting up a new business or opening a new store/warehouse? Are you expecting tax relief on the full costs of the refurbishmen?

If you are this may not be the case; the rules in relation to whether the expenditure qualifies for tax relief are complex and depend upon a variety of factors, which have been the subject of many tax cases down the years.

It is important to review the plans for the refurbishment at an early stage and obtain a detailed quotation which breaks down the costs