IBA: Qualifying expenditure: Capital repairs to a building
CAA01/S272 (2) - (3)
Capital repairs to a building are repairs the cost of which is capital expenditure. For a trader, a capital repair is a repair whose cost could not be deducted in calculating trading profits.
Expenditure incurred on capital repairs to a part of a building is treated as capital expenditure on constructing that part of the building. This means that it qualifies for IBA if the normal conditions are satisfied.