tax treatment of a lease on a pub | AccountingWEB

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.

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The payment of £25,000 is a

eastangliantaxadvisor |
eastangliantaxadvisor's picture

Inheriting assignor's relief

cathygrimmer |
cathygrimmer's picture