Pre-trading expenditure

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July 13, 2020 at 9:04 am #576671

AverageAndy
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sir in case of a sole trader/company any capital expenditure incurred 7 years prior to trading is allowed for capital allowances claim?

July 13, 2020 at 12:49 pm #576698

Tax Tutor
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Not aware of any specific time limit for capital expenditure but it will attract capital allowances and be treated as being purchased on the first day of trading
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