My business' landlord is building an extension to our existing premises. We will then lease the extension from him, however it will take us a year to fit-out. During that time we will therefore be paying rent, rates, electricity etc, with no revenue to offset them.
Is there a clever accounting treatment whereby you can defer these costs and then amortise them over [x] years once we are generating revenue from the building (I assume we couldn't capitalise them as unlike the fit-out costs, they don't generate value). I've been doing a lot of Googling and am drawing blanks!
Any help would be gratefully received!