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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › deduction for lease premium
Hi
I have become confused about the deduction for lease premiums, in corporation tax liability.
In a situation where a business has brought a lease tenancy:
I understand that it is: the premium-(deduction of Premium(Lease-1)*2%).
However the result of the above calculation is called “assessable as property business income on landlord”.
Who does the word landlord refer to here? the leasing business?
The lessor
Thank you.
