Hello to All
A Ltd company acquired a short term lease (5 years) to run a business.
The solicitor cost to prepare the lease was £500, which are allowable expenses for Profit and Loss.
The question I have is
Is this Expense is allowable for tax computation or not?
Many thanks in advance.
Short term lease cost
3 posts • Page 1 of 1
Short term lease cost
by A116 on Fri Nov 11, 2011 1:07 pm
- A116
- Posts: 14
- Joined: Thu Jul 14, 2011 1:48 pm
Re: Short term lease cost
by nikkisizer on Fri Nov 11, 2011 10:20 pm
Yes, it is allowable.
Kind regards,
Nikki Sizer
Sizer & Co Accountants
nikki@sizeraccountants.com
http://www.sizeraccountants.com
Nikki Sizer
Sizer & Co Accountants
nikki@sizeraccountants.com
http://www.sizeraccountants.com
- nikkisizer
- Posts: 70
- Joined: Fri Nov 04, 2011 5:26 pm
Re: Short term lease cost
by Incredulum on Mon Nov 14, 2011 5:24 pm
Do you not think they may be capital?
- Incredulum
- Posts: 2148
- Joined: Thu Dec 03, 2009 5:35 pm
3 posts • Page 1 of 1
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