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Where Taxpayers and Advisers Meet

Business purchase

Herbs16
Posts:79
Joined:Wed Aug 06, 2008 3:53 pm

Postby Herbs16 » Fri Oct 19, 2007 6:00 am

Hi
I have just purchased a hair salon business and lease for £20k, how do I record this in the books. Is it fully tax allowable in the first year. I also need an accountant.
Thanks

sarahg
Posts:293
Joined:Wed Aug 06, 2008 3:52 pm

Postby sarahg » Tue Oct 23, 2007 12:45 pm

Have a look at the Find a Professional section on this site ------------> for an accountant

No, it will not be fully allowable in the first year - it will be written off over a number of years


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