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
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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
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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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