Share this content

Pre trading interest paid

My client has a new trade - bed & breakfast.

A loan was taken out in a previous year for a barn conversion which is now the entire B & B premises.

I'm clear on pre-trading expenditure generally e.g. advertising, website, etc and capital allowances including integral features.

A day and a half before the filing deadline is not a good time for the mind to go blank but is interest paid before trading treated any differently from other pre trading expenditure?  



Please login or register to join the discussion.

I would argue that this realted to the financing of the B and B - and therefore is allowable.

Thanks (1)