Costs Incurred Before Your Company Was Set Up

If your pre-incorporation expenses or payments were incurred for the business or relate to the property purchase, please upload supporting documents when completing the submission. We require this information as these expenses may need to be included in the accounts.

According to HMRC, tax relief for pre-letting expenditure is only available to the person who both incurred the expenditure and commenced the letting activity. In this context, the relevant person is the company itself. This means that if the current owner of the company incurred an expense before the company was incorporated, the company cannot claim a tax deduction for that expense against its letting income, because the company did not incur the expenditure.