Hi Tax tutor,
Can you advice why Legal Fee paid in connection with grant of a new lease of a parking space for customer's motor car is not allowable for calculation of tax adjusted trading profit.
Thank you.
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Legal Fee for Parking Space leasing
With just the information you have provided I cannot give you a reason other than it is not an expense incurred wholly and exclusively for the purpose of the trade - did the text you took it from not give a reason?
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