preparing accounts for HMRC

preparing accounts for HMRC

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In a property rental business, the accounts are prepared in accordance with GAAP, so mortgage arrangement fees etc for initial mortgage and on remortgaging are written off in the first year (immaterial)

Is it correct that these fees should be spread over the life of the mortgage, or is it acceptable to claim them in the first year?

I am also thinking about the situation when an individual gets a cash incentive to take out a mortgage.

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