Claim tax back??

[crankedup]

If we were fortunate enough to secure sponsorship towards my Sons motorcycle racing from a Company, would that Company be able to declare any tax advantages from the sponsorship. Thank you for any replies.

[Eric Mc]

Yes - sponsorship in that context would be looked on as tax deductable advertising. However, if there is any personal limk between the person who is being sponsored and the company (director, employee, related to director/employee etc) the cost may not be allowable or could be treated as a benefit in kind in the hands of the recipient.

>> Edited by Eric Mc on Tuesday 3rd January 20:56

[crankedup]

Many thanks Eric for that info, could be just the thing to secure that sponsorship in the offing