25 July 2007
We have a client who is commencing a 'self storage business', which basically involves the acquisition of a warehouse and the installation of a mezzanine floor. The floor space is then divided into various sized units (25 to 200 sq.ft.) which are rented out on a weekly basis. Our queries are as follows.
First, would capital allowances be claimable on the mezzanine floor and/or the cost of the individual units? The floor and units would not be moveable once in place, although they could be dismantled and moved. (In such a case their second-hand value would be very low.)
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