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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › QUE 237 JUMP LTD
Why in the calculation for tax adjusted trading profits, the expense for legal fees incurred on issue of share capital is added back to profits ?
Share capital raised is for trading purpose only so it should be allowable no?
Fee incurred in issuing new shares is not allowable.
I just read Sir’s comment of not answering questions here, I’m sorry Sir.
No problem khanumishq – fees incurred in issuing shares is a capital cost not an item of revenue expenditure
No problem khanumishq – fees incurred in issuing shares is a capital cost not an item of revenue expenditure