Hi,
My company is going to acquire a short lease (2 years expiry terms) from the short leaseholder and the premium is over £100k.
My company has been trading at the premises for several years and has been paying the short leaseholder rent, annual rent is £80k per annum.
The location of the premises is excellent and it means my company will have to right to negotiate a new lease from the landlord when the existing lease expires. The rent charged by the landlord will only be £20k per annum.
Would anyone advise if the premium paid be deducted from the company's trading profit.
Many thanks
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