header curve
header curve

Claiming Back Pre-Trading Costs

Claiming Back Pre-Trading Costs
11 Nov 2016
Share

Claiming Back Pre-Trading Costs

Generally speaking, any business costs that you incur up to 7 years before you start trading can be put through your business as if incurred on the first day of trading.

This includes insurance, wages, rent and rates.

You can also claim capital allowances on qualifying business assets. Any assets that you previously owned personally that you intend bringing into the business must be valued at their market value at the first day of trading.

Repair costs are more complex. Repairs to property would only be allowed if the costs are maintenance and not improvements, if they are not incurred to make premises fit to trade and if the price paid for the premises was not reduced to take into account the cost of repairs to be made.

 
.

Download our Ebook

By providing your email address, MCA will send a copy of the Ebook to your email.

* indicates required

To see how we handle your personal data, click here.

You can also unsubscribe at any time by clicking here.

We may transfer your personal data to third parties such as Zoom/Mailchimp/Boma/YouTube and while we are not responsible for the privacy policies of other organisations, we acknowledge that we are a joint controller with those organisations regarding your personal data. Learn more about Mailchimp/Zoom/Boma/YouTube privacy practices here.

.

Claim my free place now!

By providing your email address MCA will register your place on our upcoming webinar.

* indicates required

To see how we handle your personal data, click here.

You can also unsubscribe at any time by clicking here.

We may transfer your personal data to third parties such as Zoom/Mailchimp/Boma/YouTube and while we are not responsible for the privacy policies of other organisations, we acknowledge that we are a joint controller with those organisations regarding your personal data. Learn more about Mailchimp/Zoom/Boma/YouTube privacy practices here.

.

Request a copy of the recording!

By providing your email address MCA will email you a link to watch our latest webinar.

* indicates required

To see how we handle your personal data, click here.

You can also unsubscribe at any time by clicking here.

We may transfer your personal data to third parties such as Zoom/Mailchimp/Boma/YouTube and while we are not responsible for the privacy policies of other organisations, we acknowledge that we are a joint controller with those organisations regarding your personal data. Learn more about Mailchimp/Zoom/Boma/YouTube privacy practices here.