A client has a trust that now only owns a personal home, although previously it had some interest and rental income. We still prepare a set of financials re keeping track of where the funds get used etc. We charge the trust a fee. Is this fee deductible to the trust if there is no taxable activity now?
Read MoreCould you please confirm that it is illegal to accrue accounting fees due to a precedent set in case law that stated that accounting fees could only be claimed in the year they were paid?
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