Purchasing of commercial property
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JJH1969
Registered Posts: 110 Epic contributor 🐘
My client has purchased a commercial property and there are a couple of fees which I have not come across before : Security Fee and Brokers fee. Are these capitalised or are they a revenue cost?
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Comments
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Are these fees relating to obtaining a mortgage? If this is the case they are not allowable capital expenditure - the list of allowable capital costs is listed in Capital Gains Manual CG15250.0
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Although in that case you could treat as a prepayment and release to the P&L over the term of the mortgage, though I wouldn't bother unless significant.0
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