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Posted Fri, 12 Apr 2024 18:47:33 GMT by Rustie04
Used the services of a company formation agent to set up limited company and paid from personal funds. Lots of conflicting information if this is tax deductible or not. Please can any one help here.
Posted Thu, 18 Apr 2024 08:38:42 GMT by HMRC Admin 5
Hi

Please refer to guidance available on our website at BIM46435 - Specific deductions: professional fees: capital structure of business.  
Generally, pre-trading expenditure can be an allowable deduction where it is revenue in nature, but there are exceptions and if it is capital it is not allowable.  
If, having fully reviewed the guidance you haven’t been able to find the information you need or you are genuinely uncertain about how the legislation applies, you may consider making an application to the Non-Statutory Clearance Service. Guidance on this can also be found on our website at Find out about the Non-Statutory Clearance Service.

Thank you

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