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037-048 - Legal Costs

Legal costs are incurred by most businesses and can cover a wide range of activities, some of which are considered to be an income tax deduction, others are capital expenditure - which is not immediately tax deductible and might never be tax deductible. This paper analyses legal expenses under the ...Read more
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Legal costs are incurred by most businesses and can cover a wide range of activities, some of which are considered to be an income tax deduction, others are capital expenditure - which is not immediately tax deductible and might never be tax deductible.

This paper analyses legal expenses under the following headings:

  • Treatment Of Legal Costs - Tax Invoices
  • Taxation Treatment Of Legal Costs
  • Legal Cost Allocation