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Please re-lease me
We are increasingly coming across renewal of leases and in accordance with normal practice we have claimed the professional fees as allowable although it is noted that HMRC manuals refer to ‘de minimis’ amounts.
Part of the cost of the renewal of a lease is the stamp duty land tax on the lease. This can be quite substantial but why should the tax treatment not follow that of the professional fees and be deductible in the year in which incurred?
Has this subject been discussed with HMRC because I think this must be an issue for future renewals.
Advice from Taxation readers on this subject would be very welcome.
Query 17 572 – Tom
Doctor in trouble
A self-employed doctor sees patients at three NHS hospitals. He also works at home writing up notes preparing invoices maintaining confidential patient records etc.
...Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
