My non-resident company incurs various expenses related to its UK operations. Are we entitled to claim deductions and reliefs when calculating our UK Corporation Tax liability?
Answer by: abdullah-al-naim
2 months ago
Non-resident companies subject to UK Corporation Tax can generally claim deductions for expenses that are:
* Wholly and exclusively incurred for the purposes of the UK trade or property business.
* Properly documented and substantiated.
Additionally, certain reliefs, such as capital allowances on qualifying assets, may be available. However, some reliefs and allowances might have restrictions or specific conditions for non-resident companies.
It\’s advisable to consult HMRC guidance or seek professional advice to understand the applicable reliefs and ensure compliance.
