Pre-incorporation Expenses

If the expenses/payments were incurred for the business and/or relate to the property purchase, we will require supporting information for these expenses/payments as we may need to include them in the accounts. Please upload the supporting documents for these pre incorporation expenses/payments when completing the submission.

HMRC’s view is that relief for expenses incurred in respect of pre-letting expenditure is only available to the person who incurred the expenditure and commences the letting activity. The person in this instance is the company and therefore if the now owner of the company had incurred an expense before the company existed then it wasn’t the company that incurred the expenditure and therefore the company couldn’t claim a deduction for the expense against its letting activity.