Decorating Capital Allowances

Decorating Capital Allowances

A flat conversion allowance is available to convert or renovate empty or underused space above shops and other commercial premises for the purpose of short-term letting. This allowance can only be claimed if it is not an allowable business deduction. Subject to conditions below, a claim can be made for the following capital expenditure: (a) conversion costs; (b) renovation costs; (c) associated repair costs; and (d) the costs of providing access. The above costs can be claimed if one or […]