Capital projects

Hi Andrew,

Thank you for your question and welcome to the forum.

I believe the definition is as follows:

If the total expenditure on the project goes over £50,000 inclusive of VAT then it is deemed a Capital Project. Examples of such projects may be New Builds, land or refurbishment. There are however separate rules to an existing building as it must be a single building and it must add value to the building.

I hope this helps.

Regards

Simon