Capital Contribution - Deductions

Solicitor deducted fees from capital contribution - which amount do I recognise?

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Hi, we have taken on a sub-lease of a pub and we received a capital contribution for refurb works, but our solicitor deducted his fees from the first contribution payment; would I recognise the full amount in our accounts by way of a journal or just the net amount? 

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paddle steamer
10th Apr 2024 11:45

Dr Legal Fees
Dr Bank
Cr Capital Contribution

Where they go after that re treatment (revenue/capital etc) is another matter, but that would be my starting position-also care with vat may be needed.

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