CG15210 - Expenditure: enhancement expenditure: money's worth

To the extent that money바카라 사이트™s worth is given for the purpose of enhancing the value of an asset, the money바카라 사이트™s worth so given constitutes expenditure incurred. See Chaney v Watkis, 58TC707.

However, the following do not qualify as enhancement expenditure:

  • payments of rent and service charges in respect of a property held on lease - Emmerson v Computer Time International Ltd (in liquidation) 50TC628.
  • the value of an individual owner바카라 사이트™s own labour on alterations and improvements to an asset - Oram v Johnson, 53TC319.

It may be worthwhile to examine critically a claim that money바카라 사이트™s worth has been given as enhancement expenditure if

  • the recipient of the money바카라 사이트™s worth is connected with the claimant, see CG14580+,or
  • there are any other grounds for suspecting that the enhancement of the value of an asset may not have been the sole purpose for which the money바카라 사이트™s worth was given.

Make such examination with a view to establishing

  • whether the expenditure so incurred is expenditure wholly and exclusively on the asset for the purpose of the enhancement and
  • that the giving of money바카라 사이트™s worth was not influenced, for example, by family considerations.