TAX REBATE-Wifes gift shop gone bust!!!
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sjm64040
Posts: 1 Newbie
in Cutting tax
Hi
Could anyone out there give me some advice on Tax rebates.My wifes gift shop has closed down due to the credit crunch.We are now paying for the lease and business rates from our personnel joint bank account.I fortunately still have a job and pay tax on PAYE.Can I reclaim any of the money I'm shelling out against my tax?
Regards Steve
Could anyone out there give me some advice on Tax rebates.My wifes gift shop has closed down due to the credit crunch.We are now paying for the lease and business rates from our personnel joint bank account.I fortunately still have a job and pay tax on PAYE.Can I reclaim any of the money I'm shelling out against my tax?
Regards Steve
0
Comments
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If the business has closed, these outgoings are no longer incurred in earning the profits of the business. Generally, expenditure has to be matched to income.£705,000 raised by client groups in the past 18 mths :beer:0
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