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Commercial insurance, tax claim expense?

kazwookie

kazwookie Posts: 14,205 Forumite

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1 May 2024 at 3:34PM in Insurance & life assurance

Is commercial insurance a tax claim expense.

I have a commercial building, I own, it is rented out, can I claim via my tax return, the commercial insurance £ premium.?

Many thanks.

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DullGreyGuy Posts: 17,597 Forumite

1 May 2024 at 3:40PM

Insurance is an allowable business expense, no VAT to reclaim though

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