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Hi,
I have a question about the example located in Chapter 4.
Note 4 describe that “the figure of 5,660 for repaires and renewals includes 2,200 for decorating the clothing shop during July 2010… and the building was in a usable state when it was purchased”.
Would I consider the amount of 2,200 as an improvement for the retail shop so it is disallowable for the tax adjusted trading profit?
Thanks!
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