Capitalize and depreciate Stamp Duty Land Tax on leased premises?

ZZfan Registered Posts: 1 New contributor 🐸
Hi all

We have recently taken on a long-term lease on a commercial property and must now pay the Stamp Duty Land Tax of approx £15K. My question is should this be treated as a fixed asset along with the fit-out costs etc. and amortised over the term of the lease? I am having trouble finding the answer to this online. I think it should but would appreciate verification.

Many thanks

Privacy Policy