Is it possible to claim a deduction for the cost of a franchise under the new intangibles system? I have two scenarios:
1. Client paid up front fee for a franchise, which I will amortise over several years. Can I claim tax relief on the amortisation.
2. Client is required to pay a fixed fee of several x £10k a year for three years starting after first 18 months of trading. No up front fee.
Does anyone have any experience of a successful claim in similar circumstances?
EL