demolition of buildings on surplus sites

We have a number of surplus sites with buildings on them. We want to demolish the buildings to increase the development potential of the land. Are you able to fund the demolition costs from the capital receipt?
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  • [quote=John Everson;2759]If it's decided that the demolition is properly capital expenditure, it can be financed from any available source of capital financing - capital receipts, capital grants (subject to any conditions), borrowing or revenue - though the latter would somewhat defeat the point of capitalising in the first place.

    Thank you
Reply
  • [quote=John Everson;2759]If it's decided that the demolition is properly capital expenditure, it can be financed from any available source of capital financing - capital receipts, capital grants (subject to any conditions), borrowing or revenue - though the latter would somewhat defeat the point of capitalising in the first place.

    Thank you
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