Expenditure: enhancement expenditure
TCGA92/S38 (1) (b)
In order to qualify as enhancement expenditure, expenditure must satisfy all the following conditions: it must
- be wholly and exclusively incurred ON the asset by him or her or on his or her behalf
- have been incurred for the purpose of enhancing the value of the asset
- be reflected in the state or nature of the asset at the date of disposal or
- be expenditure wholly and exclusively incurred by him or her in establishing, preserving or defending his or her title to, or to a right over, the asset.