The question states:
The figure for professional fees consists of £340 for accountancy and £1,460 for legal fees in connection with the grant of a new five-year lease for business premises.
Why is the examiner adding back the 1460 legal fee in the trading profits? Isn't it an allowable expense?
Ask the Tutor ACCA TX-UK
legal fees in sole trader income tax
If the legal expenses had been for the "renewal" of a short lease then it would be an allowable expense
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