Share this content

Payment of contractual agreement

Is the payment of a contractual agreement allowable against income tax

A client has to close a business and had signed an agreement for a supply which lasted 5 years.  At the close of the business they had to repay a sum to the supplier for signage and the suppliers loss of earnings. Is this a capital or income expenditure for tax.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.

Share this content