• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

September 2025 ACCA Exam results

Post comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2025 exams.
Get your discount code >>

Difference between acquiring short lease and renewing

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Difference between acquiring short lease and renewing

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • January 7, 2021 at 1:34 pm #601818
    Burningdesire
    Member
    • Topics: 14
    • Replies: 14
    • ☆

    Hi Sir,

    I got a bit confused when going through the allowable and disallowable expenses for income tax and corporation tax section. Am I on the right lines in saying Acquiring a short lease of 50 years is not allowable its only renewing a short lease which is under 50 years which is allowable?

    Thanks

    January 8, 2021 at 9:53 am #602586
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Yes – expenses incurred in renewing a short lease are allowable deductions against trading profits whereas the expenses incurred in acquiring a short lease are capital costs and are not allowable

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • IzzyAaronson on Financial Performance Measurement – Liquidity Measures – ACCA Management Accounting (MA)
  • belz92 on MA Chapter 28 Questions Financial Performance Measurement
  • devin on Practice Question Klopp
  • mrjonbain on MA Chapter 6 Questions Inventory Control
  • Aozorahime on Presentation of financial statements – SFP and SPLOCI – ACCA Financial Reporting (FR)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in