From: J Parker
Hi all, have a tax question for you.
A friend of mine was recently told by her accountant that you now need to have receipts for all capital improvement items (new stoves, light fittings etc) when using a quantity surveyor, as it is quite illegal to withhold receipts knowingly. The accountant reckons that quantity surveyors are not allowed to just estimate anymore, especially if the items are new and are highly likely to have a receipt. I told her that was bull****, but maybe I'm wrong? Boy, do I hate self-doubt. It really creeps up on you, doesn't it?
Anyone care to straighten this out for me? Much appreciated, Cheers, Jacque
Hi all, have a tax question for you.
A friend of mine was recently told by her accountant that you now need to have receipts for all capital improvement items (new stoves, light fittings etc) when using a quantity surveyor, as it is quite illegal to withhold receipts knowingly. The accountant reckons that quantity surveyors are not allowed to just estimate anymore, especially if the items are new and are highly likely to have a receipt. I told her that was bull****, but maybe I'm wrong? Boy, do I hate self-doubt. It really creeps up on you, doesn't it?
Anyone care to straighten this out for me? Much appreciated, Cheers, Jacque
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