Deductible Payments

Question 1

Deductible Payments

The Main Types of Deductible Payments Are Reliefs For:

Answer 1

• Losses
• Interest Paid on Qualifying Loans.

Question 2

Deductible Payments

The Total Amount Deductible is The Greater of:

Answer 2

• £50,000; or
• 25% of Adjusted Total Income.

(Total Income - Gross Pension Contributions Paid)

Most Likely an Issue in With Losses.