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Reduce TAX bill by providing sponsorship?
ryanpni
Posts: 19 Forumite
in Cutting tax
If you are a business owner/self employed/etc, are there tax benefits to providing sponsorship to someone?
Obviously, If you are sponsoring them goods that you have in stock, you are not selling them so reducing your closing stock and not paying tax on that item’s sale, but is there any further benefit?
Cheers
Ryan
Obviously, If you are sponsoring them goods that you have in stock, you are not selling them so reducing your closing stock and not paying tax on that item’s sale, but is there any further benefit?
Cheers
Ryan
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