Can I claim expenses before my company was formed?

<p>Yes. You can claim pre-trading expenses of up to seven years before the incorporation date of your <a href="https://goforma.com/limited-company/what-is-a-limited-company" target="_blank">limited company</a>, as long as these expenses have been paid for with your own money and were incurred ‘wholly, exclusively and necessarily' for setting up your business.<br></p><p>Examples of pre-trading expenses you can claim for include: </p><ul><li>Internet and domain name fees</li><li>Purchase of computer equipment and software</li><li>Accountancy and other professional fees</li><li>Travel costs</li><li>Insurance</li><li>Stationery<br></li></ul><p>To learn more about allowable business expenses, read our <a href="https://www.goforma.com/tax/limited-company-director-expenses-tax-allowance" target="_blank">expenses and tax allowances guide for limited company directors</a>.</p>