Tax Relief On Lease Extension Premiums

[pinkerton]

When extending a lease on a property, what costs are deductible for tax purposes?

[Buenchico]

A little light reading for you:
https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim2205

[Peter Pedant]

on the extension of thelease - nothing specific

I have always understood that if you are crazy enough to use a lawyer for this then his fee is deductible under the rule, clearly not capital and exclusively for the purpose of

the costs of maintenance and repair - which are the usual deductions for letting are deductible ( but not twice once for this year and the same lot for the nextt year )

[Peter Pedant]

and lucky fella
sorry you used the word 'premium'
never charged one .... but
huge amount here - PIM 2300
https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim2300

[Peter Pedant]

from PIM 2300:

" The premium for which relief is due could have been paid either by the taxpayer or by any person who held the same lease at an earlier date. The following paragraphs outline how the relief works."

blah blah blah o god it goes on for pages
and the rules are complex