Classification of feasibility study costs: expansion-related studies without new assets qualify as revenue expenditure. Whether feasibility study expenditures are revenue or capital depends on purpose and benefit: costs to obtain an enduring benefit or create a new capital ... Summary
Classification of feasibility study costs: expansion-related studies without new assets qualify as revenue expenditure.
Whether feasibility study expenditures are revenue or capital depends on purpose and benefit: costs to obtain an enduring benefit or create a new capital asset are capital; costs incurred to expand the same business, under unity of control and without creation of new assets, are revenue in nature.
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TaxTMI 
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