What expenses can I claim for tax purposes?
You can claim any expense or part of an expense (when you can identify a suitable proportion), if you have incurred it for the purposes of your business.
There are specific rules and almost 100 years of tax case law have made this topic more complicated than seems feastible. This unique series of tax guides explains what you can and can't claim, and provides worked examples, FAQs, planning points and tips.
Each guide is guaranteed to save you hundreds of pounds in research time (and that is before you start thinking about tax savings).
If you do not want to subscribe to the Practical Tax Database, you can always ask to buy the set or each guide singly. These guides are for sole traders and partners. Click here for guides for employers/employees.
- Motor expenses: two different ways of claiming your costs.
- Travel: the devil is in the detail, are those journeys really all for business, or are you just commuting?
- Subsistence: should carry a government health warning. Is your trade itinerant in nature, what does that really mean these days?
- Working from home: how much, why and when?
- Training costs and course fees: what is being achieved when you train yourself to do something? That may colour what you can claim.
- Repairs and maintenance: newly acquired assets, dilapidations, renewal or capital improvement?
- Employing the spouse and family: when wages and benefits are disallowed for tax.
- Entertaining and gifts: any chance of tax relief, well...
Any queries? If you are stuck on what you can and can't claim for any expense not listed here let us know. We will create you a new custom guide. Just ask Nichola Ross Martin.
