BIM41090 - Receipts: reverse premiums: contributions to fitting out costs on assets qualifying for capital allowances


If the landlord contributes to the tenant's expenditure on fitting out, the contribution may wholly or in part reduce expenditure qualifying for capital allowances in the tenant's hands. Any sum that reduces the recipient's qualifying expenditure under CAA01/S532 is not charged as a reverse premium (FA99/SCH6/PARA5 and ITTOIA05/S100 (1)).