Is corporation tax relief allowed on professional fees (re patent) written off to the profit and loss account as incurred?
As far as tax treatment following accounting treatment goes - I would say yes.
However, this is for developing a slightly different new product - so is it arguably not carried out for a trade? (Actual production and sale does not look likely in the near future).
Any help appreciated.
Dave
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I wish I knew the answer!
Sorry Dave, like you, I am faced with a situation and my search has only brought up your unanswered post.