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199 Tax Deductions - Everything the Taxman Doesn't Want You to Know About

A Handy Guide about... 

In a nutshell

Make use of this book to keep your tax bill down. It contains 199 ready-to-use tax deductions covering everything from travel and accommodation to losses. Even if you're already familiar with some of them, our fresh approach and straightforward style will ensure you're able to take maximum advantage in a legally secure way that won’t break the bank. You really can't lose.

In detail

This book shows you how to make the most of:

  • Deductions from business profits
  • Deductions from an individual's income from an employment or directorship
  • Reducing VAT bills
  • Available input VAT deductions
  • Reliefs from capital gains tax

Whatever your business, there’s a huge range of reliefs, exemptions, allowances and deductions available. You just need to know where to find them. That’s why we’ve brought together the most useful and effective deductions in one easy-to-read volume. Using even one is sure to cover the purchase price, so start saving today.

We've created this Handy Guide especially for... 

Anyone that wants to:

  • Keep their business and personal tax bills down

Tax advisors that want to:

  • Help their clients take full advantage of the available deductions

You'll get the following free extras with this Handy Guide... 

An Online Service with ready-to-use documents

  • To immediately apply our advice and solutions in practice
  • That you can easily adapt to suit your own requirements

In this Handy Guide you'll read about...

Table of contents


Chapter 1 - Land and buildings - capital expenditure

Deduction 1. Plant and machinery capital allowances

Deduction 2. Capital allowances for fixtures

Deduction 3. Capital allowances for integral features

Deduction 4. Buildings for research and development

Deduction 5. Mineral extraction allowances

Deduction 6. Dredging allowances

Deduction 7. Rollover relief (full reinvestment)

Deduction 8. Rollover relief (partial reinvestment)

Deduction 9. Rollover relief (depreciating assets)

Deduction 10. Lease premiums - property businesses

Deduction 11. Lease premiums - trading businesses

Deduction 12. Private residence relief (PRR)

Deduction 13. Only or main residence lettings relief

Deduction 14. Business asset gift relief

Chapter 2 - Land and buildings - property rental and business use

Deduction 15. Repairs to premises

Deduction 16. Provisions for lease dilapidations

Deduction 17. Renewals of fixtures

Deduction 18. Repairs and renewals of fittings

Deduction 19. Replacement furniture allowance

Deduction 20. Cash basis accounting for landlord - repairs deduction

Deduction 21. Rent

Deduction 22. Business rates

Deduction 23. Council tax - let property

Deduction 24. Employee’s accommodation

Deduction 25. Use of home for the purposes of an unincorporated business

Deduction 26. Use of home for the purposes of a company business

Deduction 27. Homeworker payments

Deduction 28. Rent-a-room relief

Deduction 29. Property allowance

Chapter 3 - Motor vehicles

Deduction 30. Capital allowances for motor vehicles

Deduction 31. First year allowances for motor vehicles

Deduction 32. Car hire for employees and directors

Deduction 33. Car hire and leasing for businesses

Deduction 34. Capital contributions towards company cars

Deduction 35. Contributions towards private use of company vehicles

Deduction 36. Mileage allowance and relief for employees and directors

Deduction 37. Passenger payments for employees and directors

Deduction 38. Motor vehicle running costs for the self-employed

Deduction 39. Mileage allowances for the self-employed

Deduction 40. Input VAT recovery on motor vehicle purchases

Deduction 41. Input VAT recovery on motor vehicle leasing

Deduction 42. Input VAT recovery on fuel

Deduction 43. Input VAT recovery on other motor vehicle running costs

Chapter 4 - Machinery, tools and equipment

Deduction 44. Repairs to machinery, tools and equipment

Deduction 45. Replacement of small tools

Deduction 46. Capital allowances for companies

Deduction 47. Capital allowances for unincorporated businesses

Deduction 48. Capital allowances for directors and employees

Deduction 49. Leasing assets to your company and claiming capital allowances

Deduction 50. The annual investment allowance

Deduction 51. First year allowances

Deduction 52. Small pool write offs

Deduction 53. Balancing adjustments

Deduction 54. Short-life assets

Deduction 55. Assets with private use in unincorporated businesses

Deduction 56. Rollover relief for plant and machinery

Deduction 57. Input VAT recovery

Chapter 5 - Goodwill, intellectual property, software and websites

Deduction 58. Corporate intangibles - amortisation

Deduction 59. Corporate intangibles - impairment

Deduction 60. Corporate intangibles - losses on disposal

Deduction 61. Corporate intangibles - rollover relief on reinvestment

Deduction 62. Goodwill for unincorporated businesses

Deduction 63. Goodwill for unincorporated businesses - rollover relief

Deduction 64. Know-how for unincorporated businesses

Deduction 65. Patents for unincorporated businesses

Deduction 66. Other intellectual property for unincorporated businesses

Deduction 67. Registration of patents and other intellectual property

Deduction 68. Computer software

Deduction 69. Website expenditure

Chapter 6 - Research and development

Deduction 70. Basic revenue relief for R&D expenditure

Deduction 71. Enhanced revenue relief for R&D expenditure for SMEs

Deduction 72. R&D expenditure credit

Deduction 73. R&D capital allowances

Chapter 7 - Bad debts, losses and other accounting adjustments

Deduction 74. Business tax deduction for bad debts

Deduction 75. Business tax deduction for monetary losses

Deduction 76. Business tax deduction for stock losses

Deduction 77. VAT adjustments for bad debts and losses

Deduction 78. Specific bad debt provisions

Deduction 79. General bad debt provisions

Deduction 80. Relief for unremittable amounts

Deduction 81. Stock provisions

Deduction 82. Provisions for liabilities and accounting estimates

Chapter 8 - Travel, accommodation and subsistence

Deduction 83. Itinerant business travel for directors and employees

Deduction 84. Itinerant business travel for the self-employed

Deduction 85. Travel between permanent workplaces for directors and employees

Deduction 86. Travel to temporary workplaces for directors and employees

Deduction 87. Travel between bases of operation for the self-employed

Deduction 88. Travel to temporary sites for the self-employed

Deduction 89. Overnight accommodation for directors and employees

Deduction 90. Overnight incidental expenses for directors and employees

Deduction 91. Living accommodation for directors and employees

Deduction 92. Non-taxable living accommodation for directors and employees

Deduction 93. Overnight accommodation for the self-employed

Deduction 94. Subsistence expenses for directors and employees

Deduction 95. Flat rate subsistence allowances for directors and employees

Deduction 96. Subsistence for the self-employed

Deduction 97. Overseas travel for spouses, partners and children

Deduction 98. Holidays for directors and employees

Deduction 99. Holidays for the self-employed

Chapter 9 - Training, conferences and seminars

Deduction 100. Training provided to directors and employees

Deduction 101. Training costs for the self-employed

Deduction 102. Travel for training for directors and employees

Deduction 103. Travel for training for the self-employed

Deduction 104. Overseas conferences and seminars for directors and employees

Deduction 105. Accompanying partners on overseas events for directors and employees

Deduction 106. Overseas conferences and seminars for the self- employed

Deduction 107. Accompanying partners on overseas events for the self-employed

Chapter 10 - Entertaining

Deduction 108. Entertaining for promotional purposes in the normal course of trade

Deduction 109. Entertaining staff

Deduction 110. Entertaining under a contractual obligation

Deduction 111. Entertaining under a reciprocal obligation

Deduction 112. Entertaining where there is quid pro quo

Deduction 113. Input VAT on entertaining overseas customers

Deduction 114. Entertaining as an employment expense for directors and employees

Chapter 11 - Advertising, promotion, gifts, samples and sponsorship

Deduction 115. Advertising

Deduction 116. Promotional events

Deduction 117. Travel to promotional events

Deduction 118. Networking events

Deduction 119. Promotional gifts

Deduction 120. Samples

Deduction 121. Small gifts and trivial benefits for employees

Deduction 122. Charitable gifts

Deduction 123. Input VAT on gifts of goods and samples

Deduction 124. Input VAT on gifts of goods to charities

Deduction 125. Sponsorship

Deduction 126. Input VAT on sponsorship

Chapter 12 - Fines, penalties, damages and compensation payments

Deduction 127. Fines and penalties

Deduction 128. Parking and speeding fines, etc.

Deduction 129. Damages and compensation

Deduction 130. Staff redundancy and termination payments

Chapter 13 - Clothing, medical expenses and professional fees

Deduction 131. Protective clothing

Deduction 132. Uniforms and specialist clothing

Deduction 133. Laundry costs

Deduction 134. Flat rate laundry allowances for employees and directors

Deduction 135. Medical bills and insurance

Deduction 136. Overseas medical treatment and insurance

Deduction 137. Legal and professional fees

Chapter 14 - Publications and subscriptions

Deduction 138. Books and maintaining libraries

Deduction 139. Trade and professional magazines

Deduction 140. Newspapers and periodicals

Deduction 141. Trade and professional subscriptions for businesses

Deduction 142. Professional subscriptions for employees

Deduction 143. Information services

Deduction 144. HR/employment law services

Deduction 145. Staff welfare services

Deduction 146. Sky/Bloomberg, etc.

Deduction 147. Gym memberships and similar expenses

Chapter 15 - Staff costs, pensions and employee share arrangements

Deduction 148. Wages and salaries

Deduction 149. Bonuses

Deduction 150. Wages and salaries for family members

Deduction 151. Individual pension contributions

Deduction 152. Employer pension contributions

Deduction 153. Employee share arrangements

Deduction 154. Other employee benefits

Chapter 16 - Finance costs and insurance

Deduction 155. Overdraft interest

Deduction 156. Credit card interest

Deduction 157. Loan interest

Deduction 158. Interest on loans to withdraw capital

Deduction 159. Finance leases and operating lease rentals

Deduction 160. Incidental costs of obtaining finance

Deduction 161. General insurances

Deduction 162. Key person insurance

Deduction 163. Income/profit protection insurance

Deduction 164. Professional indemnity insurance

Chapter 17 - Provision of finance

Deduction 165. Tax relief on interest paid

Deduction 166. EIS income tax relief

Deduction 167. SEIS income tax relief

Deduction 168. VCT tax relief

Deduction 169. EIS capital gains tax deferral relief

Chapter 18 - Starting up in business

Deduction 170. Capital expenditure incurred before the business commences

Deduction 171. Revenue expenditure incurred before the business commences

Deduction 172. Input VAT incurred before VAT registration

Deduction 173. Trading allowance

Chapter 19 - Losses

Deduction 174. Companies - trading losses carried forward

Deduction 175. Individuals - trading losses carried forward

Deduction 176. Individuals - trading losses for Class 4 NI purposes

Deduction 177. Companies - trading losses carried sideways

Deduction 178. Individuals - trading losses carried sideways

Deduction 179. Companies - trading losses carried back

Deduction 180. Individuals - trading losses carried back

Deduction 181. Individuals - trading losses set against capital gains

Deduction 182. Individuals - trading losses in the early years of trading

Deduction 183. Company - terminal trading losses

Deduction 184. Individuals - terminal trading losses

Deduction 185. Incorporation of a business with trading losses

Deduction 186. Companies - property business losses

Deduction 187. Furnished holiday letting losses

Deduction 188. Individuals - property business losses representing capital allowances

Deduction 189. Individuals - other property business losses

Deduction 190. Companies - non-trade loan relationship deficits

Deduction 191. Companies - group relief for losses

Deduction 192. Companies - capital losses

Deduction 193. Individuals - capital losses on shares in unquoted trading companies

Deduction 194. Individuals - other capital losses

Deduction 195. Negligible value claims

Chapter 20 - And finally...

Deduction 196. Gift Aid for individuals

Deduction 197. Gift Aid for companies

Deduction 198. Community investment tax relief

Deduction 199. Earnings deduction for people working on board ship

Chapter 21 - Documents

Business mileage record

Calculation of goodwill pro forma

CGT EIS deferral relief claim

Election for alternative method of calculating profit where rent-a-room relief applies

Election for plant and machinery purchased with a building

Election for rent-a-room relief not to apply

Homeworkers’ expenses policy

Incidental overnight expenses policy

Licence agreement

Lump sum contribution agreement

Negligible value claim

Obligation for past event

Provision of home telephone policy

Rollover relief claim

Short-life asset election

Spouse’s job description

Trading loss relief claim

Using your own car on company business policy

199 Tax Deductions - Everything the Taxman Doesn't Want You to Know About

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