Due to lack of profit no Capital Allowances have been claimed for 6 years. This is a 6 bedroom (on suite), large livingroom, diningroom and kitchen. Two further bedrooms are private.
Tax inspector says this can all be fitted with F & F and Equip for £12,000, but if we take it to commissioners it will be reduced to £2,000?
Original claim is as per Ins Co of £39,000.
Where do we stand please?
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