Tax tips for the self-employed

1. Claim tax-deductible business expenditure

You cannot deduct private expenditure, capital expenditure or entertainment expenditure. However, you can deduct legitimate business expenses, including:

expenditure on trademarks and know how

pre-trading expenditure, and

the cost of establishing an approved savings-related share option scheme for employees.

2. Claim capital allowances on acquiring a commercial premises in a renewal incentive area

If you are an owner-occupier of a commercial premises in a renewal incentive area, you ...