Commencement of business source for tax purposes

The determinant might not necessarily be the day first really depend on the business.

For property development,  it can be the day of engagement of consultants looking into development  feasibility

Why this is important,  it determines the cut off between pre and post operating expenses. Certainly we want more expenses to be post as it is tax deductible

As a rule of thumb.. .deductibility depends on
A. Expense is to generate revenue not capital in nature
B. Expense incurred on accrued basis during the period of deductibility

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