Expenditure - sub lease of building

Expenditure - sub lease of building

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Hi,

My client (a normal trading company) has incurred legal costs in relation to the costs of setting up a sublease of a building which was eventually aborted.  Should this be treated as an allowable or disallowable expense for corporation tax purposes?

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By blok
08th May 2012 10:54

.

I believe that legal costs involved in the creation of a new lease are capital I'm afraid.

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By User deleted
08th May 2012 11:54

Unless ...

... the aborted lease was to have been for less than 12 months

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