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Posted Mon, 13 Nov 2023 19:57:32 GMT by Twill Skondum
We have a BVI company under the new legislation we are required to register with companies house we have done this but we used a agent and overall have paid £2800.00 will this be allowable for tax against our rental profits.
Posted Thu, 16 Nov 2023 15:09:29 GMT by HMRC Admin 13 Response
Hi Pre business expenditure incurred wholly and exclusively for the purpose of business is an allowable expense in the first year of trading. Thank you

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