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Posted Sat, 25 Nov 2023 14:39:52 GMT by
I just started working on preparing my LTD company account for my property rental company. I incurred £2499 for the arrangement fee of the finance and £850 for the legal fees of the solicitor. Are these allowable costs for my limited company accounts and tax, or should I capitalise and add this to the price of the property? I also remortgaged another property and paid £999 for the arrangement fee and broker fee of £199. Can these costs be capitalised or expensed?
Posted Wed, 29 Nov 2023 11:54:54 GMT by HMRC Admin 20 Response
Hi Tamsin Smith,
This is not the correct forum as this relates to expenses for a Ltd company.
You should call the Corporation tax department on 0300 200 3410.
However I have added a link that may help Corporation Tax rates and reliefs
Thank you.

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