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Chapter 4 Example 1

This topic has 1 reply, 2 voices, and was last updated 10 months ago by JillyB.

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January 22, 2025 at 1:51 pm #714903
mezza711@hotmail.com
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Hi all – on this chapter, in the YT video: regarding Legal Fees for purchase of new shop, she says ‘hmm, this will probably be acceptable’, but when going through the proforma (following the answer sheet), she adds it back into tax adjusted trading profit without explanation. Can anyone clarify?
January 22, 2025 at 5:11 pm #714908
JillyB
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Hi
I added the legal fees back as they are a capital expense that will then be deducted in any future CGT computation.
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