https://www.taxtmi.com/forum/issue?id=113272 Whether payments for change of land use (CLU) made to convert land from agricultural to industrial, paid by a company for director owned land on which the company constructed and used a workshop, are to be treated as revenue expenditure or must be capitalised in the building account; analysis depends on the nexus between the CLU payment and creation or improvement of the long lived business asset. en-us Thu, 04 Jan 2018 20:33:29 +0530 Thu, 23 Jan 2025 15:55:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113272 Whether payments for change of land use (CLU) made to convert land from agricultural to industrial, paid by a company for director owned land on which the company constructed and used a workshop, are to be treated as revenue expenditure or must be capitalised in the building account; analysis depends on the nexus between the CLU payment and creation or improvement of the long lived business asset. Discussion-Forum Income Tax Thu, 04 Jan 2018 20:33:29 +0530 https://www.taxtmi.com/forum/issue?id=113272