Wind Ltd
(1) The operating profit for the year ended 31 March 2014 is £62,900. Amortisation of £5,000 has been deducted in arriving at this figure. The amortisation relates to a premium which was paid on 1 August 2009 to acquire a leasehold office building on a 20-year lease. The amount of premium assessed on the landlord as income was £68,200. The office building was used for business purposes by Wind Ltd throughout the year ended 31 March 2014.

Required:
What amount of premium can be deducted from trading profits in the year ended 31/03/2014?