Besides the actual cost of the freehold land and buildings how should other incidental costs of acquisition such as stamp duty, solicitors fees, valuation fees etc be treated? Should they be added to the cost or written off in the p&l account? If they are added to the cost are they assumed to relate to the buildings element and depreciated or to the freehold land? If written off in the p&l account I assume that they would have to be added back for corporation tax but not lost sight of as they should be allowable against any gain in the future as incidental costs of acquisition. The bank also charged the company a loan setting up fee of £2,400 in connection with this acquisition which I think should be written off in the p&l account but would it be allowable as a revenue expense for corporation tax? The asset is used mainly for business purposes although there is a small part that is being converted into a flat and will be rented out.