This screen is where you can record details of pre-Trading Expenses and claim relief for these expenses on the commencement of a Trade. The Pre-Trading expenses are shown between the Balance Sheet Analysis and Trading Income in the task bar.
Enter the analysis of the pre-trading expenses as appropriate together with the date the expenses were incurred. The data will roll forward to the next Period Of Account unless the Claim/Claim All box has been completed.
Claim Relief For Pre Trade Expenses
To claim relief for the Pre-Trade expenses make a tick in the Claim/Claim all box. When this is ticked a Grid Box will appear at the bottom of the screen showing the trades that have commenced in the Period of Account. You should allocate the Pre-trading expenses to each trade that has commenced as appropriate.
The expenses will then be shown as a deduction as "Pre trading expenditure" within the Trade Summary screen for each trade.