In order to attract a deduction in computing the profits of a trade or business any expenses must be incurred wholly and exclusively for the purpose of the trade. Capital expenditure is not an allowable expense (capital allowances are claimed on these costs), and certain other expenses are barred by statute.
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Dyke Yaxley
Chartered Accountants and Business Services
1 Brassey Road, Old Potts Way, Shrewsbury, Shropshire, SY3 7FA.
Tel: 01743 241281
Fax 01743 235794
Email info@dykeyaxley.co.uk
Dyke Yaxley is a trading name of Dyke Yaxley Limited
Registered in England and Wales Number 4746482
