Monthly Archives: February 2023

Repairs and Renewals

repairs and renewal

Repairs and Renewals   A distinction is drawn between repairs and improvements when considering if tax relief is available.   The general rules are that:   Expenditure on restoring an asset to its original state is revenue in nature and so allowable in calculating taxable trading profits; and   Expenditure […]

The UK Economy: Light at the end of the economic tunnel

Light at the end of the tunnel

Despite the turbulent times that have befallen the UK economy over recent years, experts are reporting a positive outlook. The impacts of coronavirus, Brexit and wider supply disruptions may still be taking their toll but businesses, families and property owners can remain confident.   In this article, we’ll take a […]