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Stamp duty on a lease

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Stamp duty on a lease

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by P2-D2.
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  • August 9, 2017 at 10:11 am #401134
    trendline
    Member
    • Topics: 21
    • Replies: 14
    • ☆

    I feel I should know this 🙁

    So when you recognise a right-of-use asset for a lease you capitalise the stamp duty?

    Dr right-of-use asset Cr bank ?

    August 10, 2017 at 4:35 pm #401367
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7217
    • ☆☆☆☆☆

    Hi

    it is a non-refundable purchase tax so it is capitalised as part of the cost of the asset.

    Thanks

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