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Time limits to offset the cost of training

05/01/2018 13:50:25
Good afternoon
I have been undertaking on line training for the past 2 years to get a point where I can look at reducing my hours in my full-time work and setting up my small business. How far back can I offset training costs, please?
Many thanks
Sue
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  • Catherine Newman
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Re:Time limits to offset the cost of training

05/01/2018 14:40:17
All expenses relating to a business are claimable on the first day of trading.

The technical position with the expenses you mention are that they are not claimable as they are capital-just as you said "to put you in a position to carry out your new business".

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