Capitalize and depreciate Stamp Duty Land Tax on leased premises?
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
ZZfan
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
ZZfan
0
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