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business expense and tax?
1jim
Posts: 2,683 Forumite
Hi
I am in first year of setting up a business, we are paying to have a web site designs to sell childrens clothing, how much of this can we ofest against tax? I havent managed to get a straight answer from the tax office at all. I read somewhere that you could off set 40% in 1st year, a further % in second year etc but really havent been able to find out where i stand with this as it is a business expense
Thanks
Jim
Hve also posted this in tax thread as i couldnt work out which thread was best
I am in first year of setting up a business, we are paying to have a web site designs to sell childrens clothing, how much of this can we ofest against tax? I havent managed to get a straight answer from the tax office at all. I read somewhere that you could off set 40% in 1st year, a further % in second year etc but really havent been able to find out where i stand with this as it is a business expense
Thanks
Jim
Hve also posted this in tax thread as i couldnt work out which thread was best
0
Comments
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Probably best to give the Inland Revenue's new business help line a ring - 0845 915 4515.
I know you go get different tax bands but cant remember what they are... sorry!0
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