Significant domain purchase - capital or expense?

[highlander]

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As per the title, my limited company has recently purchased a domain name for £x,xxx - the plan is to develop the name and (hopefully) generate revenue from it

Should the cost of the domain be capitalised on the balance sheet or expensed in the P&L?

If capitalised would you be able to claim capital allowances against the cost?

[darrenb]

Is the main activity of the limited company website/domain related?

[accelerator]

This might help:

Domain Forum Acorn Domains Buy Sell Auction UK Domains

Rgds