Not F1 but is sport sponsorship an expense for tax purposes?

If a company whether Ltd, Partnership or Sole Trader advertises on a race car and contributes towards the cost of running that team - how is the expenditure/benefit (from advertising)  accounted for?

Should costs such as race fees, maintenance costs, media administration be a single sponsorship figure or broken down into component parts?

 

 

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Garlochhead case (R S McQueen)

DMGbus |
DMGbus's picture

We had sucess in this area,

eastangliantaxadvisor |
eastangliantaxadvisor's picture

Thanks DMGbus and

ecojet |

Directors' disinterest

andrew.hyde |