Removal of Asbestos before trading

[SYR]

We acquired a freehold building and spent over £10k on asbestos works before trading. Can we claim the expenditure under repairs & renewals, or improvement to property where no tax relief can be claimed?

[Incredulum]

If it was a company that acquired the building then contaminated land relief may be available.

http://www.hmrc.gov.uk/briefs/company-tax/brief2909.pdf