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