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    Income tax - Employment income - Expenses and benefits - Expenses - Claiming exemption or a deduction - Principles of deduction - 26905

    The conditions for obtaining a deduction depend on the nature of the expense: - qualifying travel expenses must have been incurred necessarily in the performance of the duties of the employment;...

    Income tax - Employment income - Expenses and benefits - Expenses - Expenses subject to special rules - Other expenses - Capital allowances on assets other than transport - 27205

    Where expenditure is incurred necessarily on plant and machinery (other than a road vehicle or bicycle) for use in the performance of the duties of the employment, capital allowances may be claimed (for...

    Personally owned equipment - employer contributions

    Some of your employees are using their own IT equipment while working at home during the coronavirus pandemic. You want to pay them an allowance to compensate them for the business use. Do you...

    2. Entitlement to capital allowances - Who can claim CAs?

    Who can claim CAs?CAs are a tax deduction from income and can be claimed by individuals, partnerships and companies against their business income. The Capital Allowances Act 2001 applies to all...

    Tax deductions for personally owned equipment

    If you own IT or other equipment primarily for personal use you might also use it for work from time to time. Despite it being a personally owned asset, are you entitled to claim a tax deduction...

    Capital equipment: should it be bought personally?

    Your client is the sole director and shareholder of a trading company. The company needs some new equipment to increase its output. The director thinks she should buy this personally as the capital allowances...

    Does your home contain opportunities for extra tax deductions?

    As a director or employee, if you put some of your home furnishings to business use, what tax deductions are you entitled to, if any?

    Gifts, capital allowances and tax-free money

    One of our subscribers, the sole director shareholder of a company, asked us if she could claim a tax deduction for the new furniture her partner recently bought as a gift for her home office....

    How much AIA can you claim?

    You’ve just spent £2,900 on a high-end PC for your home office on a buy-now-pay-later contract. Your family will make some use of it and your company will pay a contribution to the cost. What...

    Are capital allowances due on your home furnishings?

    One of our subscribers set up her home office when she started a new job as a sales director. Her accountant claimed capital allowances (CAs) for her home office furniture, but the local tax inspector...