tax treatment of a lease on a pub
Have a client who has paid £25k for 10 years remaining on a pub lease from the brewery as well as paying a monthly rental.
Was going to capitalise the lease and write off over 10 years at £2.5k per year.
But how is the £25k paid treated from a tax viewpoint? What tax relief do they get if any and when do they get it?
Have looked around various references but cant find the answer.
PS happy crimbo.