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?
Ask the Tutor ACCA TX-UK
Grant of a short term lease
1)Individual yes if the leased asset is used for trading purposes.
2)Company yes.
correct
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