Pre-Trading Expenses
Pre-Trading Expenses
If you are in the process of setting up a business and incurring expenses before you actually start trading, you may be able to claim same as an expense against profits made when you actually start trading
Examples of pre-trading expenses are:
Accountancy fees
Advertising costs
Costs of feasibility studies
Costs of preparing business plans
Rent paid for the premises from which the trade or profession operates.
The pre-trading expense has to be wholly and exclusively for the purpose of the new trade
Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie