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Hello

Can any one tell me if there are solicitors costs for the purchase of a freehold property can they be posted to P&L account of added in with the purchase cost on the balance sheet?

Thank you in advance if you can help

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02nd Jul 2012 10:26

Capital

The incidental costs of the purchase are allowed as a deduction in calculating the eventual capital gain on the property and should be added to the cost of the fixed asset in the balance sheet.

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