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HMRC internal manual

Business Leasing Manual

HM Revenue & Customs
, see all updates

Taxation of leases that are not long funding leases: legal expenses: Expenses of negotiating a lease

Two issues arise:

  • are legal expenses incurred in negotiating a lease revenue or capital in nature - see BLM37010; and
  • if they are revenue in nature, when are they deducted for tax purposes - see BLM37035.