Legal fees associated with leased premises

Just to check

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Hi all,

limited company client - incurred legal fees for planning permission and lease set up.FRS102 small accounts to be produced.

Just to confirm my understanding, the items are to be capitalised as intangible asset for which it is to be amortised over the life of the lease? 

No corporation tax relief is allowable on either.

Many thanks

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By TheAccountant-ish
15th Jun 2018 16:40

Capitalising is correct :)

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