20 Jul 2017 15:28:26
Does anyone know if a player is purchased for say £10m and a season later sold for £8m is the £2m lost tax deductable?
{Ed002's Note - No. the 8M is counted as income.}
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20 Jul 2017 16:22:16
Ed, Is the £10m a tax deductible cost then?
{Ed002's Note - It is an expenditure. Why are you interested in tax deductables?}
20 Jul 2017 16:30:24
Thanks Ed. Intrigued after reading Grumpy's comment above.