Corporation Tax

Corporation tax relief for expenditure

Produced by Tolley in association with Anne Fairpo
  • 08 Feb 2022 09:34

The following Corporation Tax guidance note Produced by Tolley in association with Anne Fairpo provides comprehensive and up to date tax information covering:

  • Corporation tax relief for expenditure
  • Expenditure

Corporation tax relief for expenditure

Expenditure

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

Tax relief for the costs will depend on whether the specific expenditure is allowable in calculating the taxable income of the company for corporation tax purposes, following the general principle as to whether the expenditure is wholly and exclusively for the purposes of the business. See the Adjustment of profits ― overview and Legal and professional fees guidance notes.

In practice, little relief is usually available

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