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Is education and training a legitimate pre trading expense?

kilclon · 2014-06-04 15:05:23

Hi, I have completed a relevant masters and some other training courses prior to setting up my construction company earlier this year. Can anyone tell me if the fees are considered to be legitimate pre trading expenses? Thanks

04-06-2014 3:05pm

#1

kilclon

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Hi,

I have completed a relevant masters and some other training courses prior to setting up my construction company earlier this year.
Can anyone tell me if the fees are considered to be legitimate pre trading expenses?

Thanks

0

Comments

#2 10-06-2014 7:20am

harop23

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Training courses are very important to get on job experience. It provide better understanding of practical issues and certain problems in setting up new business.

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#3 10-06-2014 5:47pm

Alan Shore

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I would not claim a masters fee as a deduction for a sole trader.

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#4 10-06-2014 7:01pm

kilclon

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Alan Shore wrote: »

I would not claim a masters fee as a deduction for a sole trader.

What about for a limited company?

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#5 10-06-2014 7:32pm

Alan Shore

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For a director I wound not allow it either.

As part of training of staff I know it would be allowed but I not for a director.

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#6 10-06-2014 8:45pm

kilclon

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Thanks for the reply Alan.
Its not the answer I was expecting as I wouldn't be able to do the work I am doing within the company without the masters.
Ah well, what can you do.

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