Lucky Ltd was incorporated on 20 July 2014, and commenced trading on 1 December 2014. The following information is available for the four-month period 1 December 2014 to 31 March 2015:

(1) The operating profit for the four-month period ended 31 March 2015 is £532,600. Advertising expenditure of £4,700 (incurred during September 2014), depreciation of £14,700, and amortisation of £9,000 have been deducted in arriving at this figure.

The amortisation relates to a premium which was paid on 1 December 2014 to acquire a leasehold warehouse on a 12-year lease. The amount of premium assessed on the landlord as income was £46,800. The warehouse was used for business purposes by Lucky Ltd throughout the period ended 31 March 2015.

Required:
What amount of lease premium will be allowed to be deducted from trading profit?