Expenditure

Listing a company on any stock exchange, whether a full listing on the London Stock Exchange or a listing on the alternative investment market (AIM), involves substantial costs which are generally paid by the company.

For a trading company, relief for the costs depends on the nature and purpose of each item of expenditure. In calculating trading profits, capital expenditure is not deductible under the general rules, and revenue expenditure must be incurred wholly and exclusively for the purposes of the trade. See the Adjustment