You would imagine that most practicing accountants are fairly busy.... so you would imagine that since the time the thread was posted, there has been no practicing accountants on this forum giving advice on others threads? I doubt that as there's lots of helpful advice posted on this forum all the time by qualified professionals.
You would imagine that no practicing accountants "dishing out" advice on no other threads on this forum? Is that what you view this forum as... a place that people go to get professional advice "dished out" for free? That maybe the case for some people but I find it a valuable community of like-minded people to discuss, share and comment on pinons and questions. Some people do just want to help you know.
I don't just "have to" do anything until someone else feels inclined to act.... it's simple, I'll go to another forum and ask the same question and contact accountants over the phone and get the answer in writing. It's easy and that simple. I'll post the answer back here on this thread when I have it in writing and verified that it's correct.
Correct
I wouldn't be 100% sure that pre-trading expenses incurred prior to the formation of a limited company can be paid back to someone who incurred those expenses personally. The expenses have to be incurred by the limited company in the first place for them to be allowable, which is obviously not the case if the company hasn't even been formed yet.
i just had a quick search there on askaboutmoney and this was the accounting treatment proposed as well at the time
http://www.askaboutmoney.com/showthread.php?t=69587
i cannot think of why it would not be permitted under IE GAAP
as for claiming these expenses as an allowable expense against CT - again I do not see an issue as long as they fill the requirements of being allowable