Processing fee

if building wip and loan processing fees allowed as revenue exp
Replies (3)
Quick Summary
This discussion clarifies whether processing fees for business loans and work in progress (WIP) can be treated as revenue expenses. It confirms that these are generally allowable for business loans. The context of a rented property with own plant construction is also considered.

Yes, if it is business loan.

Work in progress applies fr business
Now in rented property own plant construction wip

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