Grant of a short term leaseForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Grant of a short term leaseThis topic has 2 replies, 3 voices, and was last updated 1 year ago by JillyB.Viewing 3 posts - 1 through 3 (of 3 total)AuthorPosts November 23, 2022 at 7:35 pm #672363 huzayfa95MemberTopics: 4Replies: 2☆2 questions.1) Under self employment, would the individual be able to deduct the cost of renewing a short term lease?2) would a company be allowed to deduct the cost of renewing a short term lease from the profit/loss figure? November 23, 2022 at 10:35 pm #672368 myacca1990ParticipantTopics: 153Replies: 164☆☆☆1)Individual yes if the leased asset is used for trading purposes. 2)Company yes. November 24, 2022 at 11:12 am #672411 JillyBKeymasterTopics: 0Replies: 853☆☆☆☆correctAuthorPostsViewing 3 posts - 1 through 3 (of 3 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In