Furniture freehold

My client is the freeholder of commercial premises that have been used for the purpose of a furniture trade operated by his own personal company.

Five years ago property improvement works were carried out by the company and such expenditure is recorded as leasehold property improvement work on the company balance sheet amortised over a period of 20 years. No corporation tax relief is claimed on the annual amortisation.

My client as the freeholder is now considering the sale of the property. My question to readers is whether there is any possibility for my client to obtain any capital gains tax relief in respect of the property improvement expenditure incurred by his personal company.

My client is prepared to recompense his personal company for the value of the property improvement works previously carried out. Would such a payment be allowed as a deduction in calculating the personal...