Stamp Duty

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT member discussion
Hi there,

This is my first post, after years of being a credit manager I have returned to bookeeping(lot more flexible having a one year old) but am having some problems with remembering how to record certain entries as my brain is rusty!

My firm has just move office(it is a lease they don't own it) and I am querying how to record stamp duty in sage, is it recorded as a normal expense as they haven't bought the building?
Thanks
karen :oops:

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Stamp Duty

    I would say that it is a normal expense - part of legal and professional fees.

    I am willing to be corrected if some-one knows better!

    Sharon :lol:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Stamp Duty

    Thanks Sharon, thats what I decided to post it as, good to know I haven't lost everything that I studied!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Stamp Duty

    Would you not capitalise this along with the cost of the lease? Some good rules regarding leases, might be worth swot'ing up on and applying to your situation.

    Regards

    Dean

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