This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Decline Settings Accept
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Legal fees

Forum rules
Post Reply
Charlie Owen
Posts:6
Joined:Wed Aug 06, 2008 3:43 pm

Postby Charlie Owen » Wed Oct 18, 2006 11:52 pm

My understanding is that legal fees incurred in chasing bad debst are allowable. What about legal fees a company incurs being chased for payment by one of their suppliers?
Thanks in advance
Top
Instinctive
Posts:1797
Joined:Wed Aug 06, 2008 3:15 pm

Postby Instinctive » Thu Oct 19, 2006 2:35 am

I would say this is fully allowable as being incurred wholly and exclusively in the performance of the trade.

Ramnik
Top
Charlie Owen
Posts:6
Joined:Wed Aug 06, 2008 3:43 pm

Postby Charlie Owen » Thu Oct 19, 2006 4:37 am

Thanks for that Ramnik. I'm inclined to agree with you.
Charlie
Top
King_Maker
Posts:6538
Joined:Wed Aug 06, 2008 3:22 pm

Postby King_Maker » Thu Oct 19, 2006 9:08 am

My initial reaction is to agree with Ramnik.
Top
Post Reply

Return to “Company Taxation”

Powered by phpBB® Forum Software © phpBB Limited