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I really don’t understand why legal fees incurred to gain a grant to lease the business premises for n years is not an allowable deduction, so it must be added back to net profit?
Isnt it clearly a cost for business purposes?
Is it all legal fees thats not allowed? Because i remember during completing numerous similar questions there was legal fees and it was allowable i think?
Cant find it now though did too many of them.
If you could please clarify this that’d be great thank you very much
Look at the OT notes Chapter 4, Section 2.2 (g), page 22 – you will see there that only the cost of renewing a short lease is allowable NOT the cost of acquiring a short lease which is treated as a capital item and is therefore disallowed