Skip to main content
R
richard_skinner84
June 7, 2022
Question

Limited Company - buy to let -How do I catagorise the Stamp duty & Solicitors fees

  • June 7, 2022
  • 1 reply
  • 0 views

Hi

New user, I'm comfortable catagorising normal expenses maintenance  and mileage etc for my new Limited company buy to let business.

However im a bit confused how I catagorise the capital costs (not the building asset ) meaning the 3% stamp duty and solicitors cost for purchase etc.  As it stands I have added them as an expense but I want tp get it correct from the start so in the future it doesn't effect any Capital gains charges etc. Also as its not nettable for Corporation tax etc.

Can someone tell me what bucket they should sit in ? Added my profit and loss to help visualise

Thanks in Advance for any tips

Rich 

1 reply

A
Ashleigh1
June 7, 2022

Hello Richard_skinners84, 

 

Welcome to the Community page, 

 

You would need to speak to a trained and Qualified accountant who will be able to advise and help you on the best way to record this in your QuickBooks account. As we are not trained accountants just technical support. 

Terms & ConditionsAccessibility statement