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Leasehold Improvements

  • Associate
  • 2 posts
  • # 113418

Hi there,

 I've recently started work for a company that moved to new leasehold premises shortly after I joined. They have undertaken a lot of work to fit the new space out with offices/kitchen area/workshop and toilets etc.

My query is whether the labour costs involved (from various subcontractors) can be posted to leasehold improvements (asset account) along with all the materials?

Its the first time I've come across this so I'm unsure and keep going round in circles on the HMRC website! Any advice would be greatly appreciated :)

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