January 22, 2010 @ 2:30 pm
I started business as a sole trader.I took a plastering course to qualify for my trade.Are the fees allowable?
No, the course is not an allowable deduction for tax – the course only puts you in a position to do your job, it is not an expense of earning the profits of your trade like the materials you buy or the fuel you put in your van to get to the jobs.
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Posted by pebbles
February 10, 2010 @ 8:11 pm
It depends if you took the course before or after , you registered your business , after its a tax deductible expense
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Posted by notmarriednochildren
February 10, 2010 @ 8:58 pm
No, the course is not an allowable deduction for tax – the course only puts you in a position to do your job, it is not an expense of earning the profits of your trade like the materials you buy or the fuel you put in your van to get to the jobs.
References :
UK tax specialist
Posted by cinderellie
February 10, 2010 @ 9:19 pm
yes this is a genuine expence. Good luck in your new venture
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