Is repairs on Machinery, Capital or Revenue expenditure?
Answers:
Maintenance is revenue expenditure. Only investment i.e. something which increases the value can be capitalised.
maintenance is not a means expense it will go down as essential expenditure and is fully recoverable against tax
as unwilling capital expense where the machinery is wrote down respectively year as a percentage of the cost. you cannot write off a capital spend within one year but you can write off the maintenance every year against that individual years tax
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