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Hi,
Can the costs to obtain RC and BC be tax deductible against personal income if done as a LTC thus offset personal tax?
I.e. you haven't yet started/completed build or you may not even build if you cannot obtain finance at the end of BC etc.
We spent @10k last financial year and haven't yet filed LTC (self employed) or personal tax return. Suspect cannot claim this.
About to kick off RC this financial year and wondering if should spin up a second LTC for this (But property is privately owned, not company owned though).
Tried to book meeting with accounts for tax advice but unless you sign up with them/tax returns etc they don't tend to respond to paid meeting requests.
Thanks in advance.
Can the costs to obtain RC and BC be tax deductible against personal income if done as a LTC thus offset personal tax?
I.e. you haven't yet started/completed build or you may not even build if you cannot obtain finance at the end of BC etc.
We spent @10k last financial year and haven't yet filed LTC (self employed) or personal tax return. Suspect cannot claim this.
About to kick off RC this financial year and wondering if should spin up a second LTC for this (But property is privately owned, not company owned though).
Tried to book meeting with accounts for tax advice but unless you sign up with them/tax returns etc they don't tend to respond to paid meeting requests.
Thanks in advance.
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