Chapter 4 – Example 1

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February 9, 2017 at 9:10 pm #371805
bojanbih
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Hi,

could you please help me to understand disallowable expenses of 250 gbp in manner of CTG computation for accountancy cost? Why this part of cost we cannot recognize for tax purposes?

Thank you in advance.

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February 11, 2017 at 1:29 am #371919
Tax Tutor
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The £250 is NOT a business expense of the trade but a personal cost of the individual so must therefore be disallowed
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