United Kingdom: CIOT Calls for Legislative Fix on Pre-Development Cost Deductions
On 24 September 2026, the Chartered Institute of Taxation (CIOT) submitted a formal representation to HM Treasury urging primary legislation to allow tax deduction for pre-development costs incurred on projects that do not proceed to construction. Under current rules (ITTOIA 2005 / CTA 2009), expenditure on feasibility studies, design, and planning applications is only deductible
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