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Advise Gil of tax consequences in relation to any legal fees

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Reference no: EM132526505

Question - Gil has had a long-running dispute with his landlord regarding his tenancy agreement for his store's premises. Although he has a 10-year lease over the premises, the landlord is trying to get him to vacate the premises early. The premises are integral to the business as Gil has a post office licence which is area specific and Gil would not be able to lease any other premises in the area due to availability and zoning.

Required - Advise Gil of his tax consequences in relation to any legal fees incurred in defending his tenancy agreement.

Reference no: EM132526505

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