Search Results for 'Schedular system of taxation'

Did you acquire a residential investment property that was vacant for a period of at least 12 months before it was first let? You may be able to claim a tax deduction for pre-letting expenses against rental income in the first year.

Q. My company has incurred significant R&D expenditure during the past few years. The product is now ready to go to market and I hope to be profit-making within two years. Can I claim tax relief for the expenditure incurred to date and how do I claim it? Are there special rules for claiming R&D costs?