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Originally Posted by LSV  So your accountant treats the renewal fees as advertising costs. What if you buy a few domains over the year with prices ranging from 30-80k (or more) a name. How would your accountant treat such purchase? |
They are capitalised as intangible assets and amortised over the useful life of the domain or if i recall correctly 5 yeare, either through a linear method or declining method.. You used to be able to write of 40% in the first year if you qualified as a SME