This discussion explores the correct accounting treatment for stamp duty paid on a three-year office rental agreement. The key question is whether the cost should be treated as a revenue expense in the first year or amortised equally over the three-year lease period. While often expensed immediately, the debate centres on the most appropriate method.
14 March 2025
Treatment of stamp duty paid for office taken on rent for 3 years, whether should be charged as revenue expenses or amotized in 3 Years equal amount,