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New business expense query

  • Member
  • Practice Licence
  • 77 posts
  • # 94342

Hi there,

One of my clients rents from his landlord a shop premisis.  He had his first business in there, ceased trading March 2013

He retained the premisis and continued to pay the rent as he prepared to start up a new business.  He just opened this business last month (September)

I have receipts for purchases he made a few months in advance of starting the business.  I know these are fine to go through the books.
Can I put the rent payments through the books also?

Can he claim mileage for the visits to retailers to purchase supplies to prepare his shop - even though the travel took place before he opened his business in September?

Many thanks in advance
Paula

  • 182 posts
  • # 94350

I knew I'd seen something Paula:

Try this URL

http://www.hmrc.gov.uk/incometax/relief-self-emp.htm

Peter

  • 182 posts
  • # 94358

My answer yesterday was to say that according to this web-site, you can claim pre-trading expenses for 4 years.

But I have a book which says 7 years.

Puzzled  

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