Post Cessation Expenses
A solicitor ceased trading 3 years ago but since that time has incurred the following costs:
1. A number of claims have been made against him where he has had to pay the insurance excesses. This has amounted to tens of thousands.
Can this be claimed as post-cessation expenses on the basis that this is 'remedying defective work done' and does this have to be claimed in the year the payment is made?
2. The solicitor received significant sums to do with miners claims during the time he traded. However, the claims for costs by solicitors were judged to be excessive. This judgement was made after the solicitor ceased trading.
Can this be classified as 'bad debts' and claimed at any time up to 7 years after cessation?
Thanks for any feedback.
- Do I need to report this to SOCA 3,238 32
- Married woman dies owning marital home 450 5
- first year company tax return for a limited company 1,424 28
- Can I take action against my accountant for incompetence? 1,249 25
- Dividend dates 433 7
- Leaving Flat Rate Scheme for VAT 179 5
- Not a good start no broadband 450 10
- DEATH OF A SHAREHOLDER NO SHAREHOLDER AGREEMENT 126 2
- is this fraud? 702 12
- Has anyone read the implications of the Lisbon treaty? 698 14
- new software IXBRL and Accounts production? 195 2
- PPR CGT section 222 builds an extension 67 1
- Intrastat triangulation 60 1
- CGT 147 3
- Supplier refund treatment in Sage Line 50 186 4
- Question regarding gym training 375 6
- Sage Starting Again As Records are in a mess 162 3
- CIS Deductions 233 1
- Entrepreneurs relief available? 422 8
- Property initial recognition 166 2
- Property exchange - 8-year legal delay following fall-out 585
- Cancelled 342
- SAGE Payroll Data for Import to MS Dynamics AX 328
- Cancelled 280
- Have you staged yet for auto enrolment? 250
- Probiz 234
- VAT on non-profit making clubs (ECJ VS West Dorset Golf Club) 174
- Phishing emails purporting to be from CIPFA? 173
- Car leasing scheme 165
- Is this UK incapacity benefit taxable in UK or Jersey? 150