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Chapter CA31400

Document Cited in Related
Vincent
Published date16 April 2016
Record NumberCA31400

You should give IBA on capital expenditure incurred on the construction of a building or the capital cost of buying an unused building.

Expenditure incurred on the construction of a building includes:

  • capital expenditure on repairs, that is expenditure on repairs for which a Case 1 deduction could not be made CA31450;
  • the costs of demolishing an existing building in order to erect a new building provided that those costs are not taken into account in calculating a balancing adjustment on the old building;
  • professional fees relating to the design and construction of a building provided that the building is actually constructed;

and so you should give IBA on those costs.

Expenditure on the construction...

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