Property Investment Ltd Company - Stamp and Legal

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Hi All,

Limited company purchases property for rental. Obviously has to pay stamp duty at purchase and incurs legal costs. Do you treat these as an expense? Or capitalise? Or do you exclude for tax purpose?

 

thanks all.

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By Paul Crowley
30th Dec 2021 12:54

Same as any person or other legal entity
Cost of building, allowable against CGT type CT on disposal

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