A international company wants to get an immigration license from the home office and they have appointed a lawyer to help them
Are the legal fees allowable for CT purposes ?
Replies (7)
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Why do you say that the company is "international". Is it a UK company or a foreign company? What is the connection between the company and the individual for whom leave to remain is being sought?
Well like all expenses it has to pass the wholly and exclusively test to be allowable for tax purposes. You certainly have at least an arguable case.
In that case
The licence would seem to be an intangible asset, to which the corporate intangibles regime would apply. the licence would be amortised over the four year period and the amortisation would be eligible for CT relief.