Renewal date was due for my short leasehold workshop. I had the right to renew but was not respected by the landlord as he had plans to build flats etc. I received over Â£ 20k in compensation as I was forced to move out to a new site & took my case to the court.
Q.1. Is this compensation taxable?
Q.2. I spent over Â£28K in the improvement of this
workshop few years back. Could this qualify
as a loss under "C G T"? Is there any other
way to get tax relief on this expenditure?
Please advise. Thanks. K.