Legal Fees and costs awared


B

binme

Hi,
I have been involved in a long running legal dispute, nearly 7 years.
I have been paying my solicitor sums as required over the years and
putting it in the loss account for submission to IR.

The case was finally settled this year (total legal fees just under
£10k, awarded just over £8k + compensation (around £1.5k + interest).
What do I show in the Profit loss account this year?

I am a sole trader if that makes a difference.

Thanks
binme
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top