Acquisition Costs on Share Purchase

Are Legal costs and Stamp Duty on acquisition of a company capitalised and/or tax deductible?

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My client has acquired 100% of the shares in another company. They have incurred Stamp Duty on the purchase, and some legal costs. Are these costs capitalised or expensed?

Are they deductible against Corporation Tax, or only against Capital Gains Tax?

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By Accountant A
01st Jul 2019 15:59

Give us your technical analysis and we'll comment on that.

For what it's worth, you haven't given enough information to give a categorical answer.

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