Description
Bloomsbury Publishing PLC A-Z of Business Tax Deductions by Annette Morley Nicola Moore
Provides clarity in areas where there is doubt as to the deductibility for tax purposes of particular expenses incurred by a business such as unincorporated businesses operated by sole traders partnerships and limited liability partnerships.Structured in an easily navigable A-Z format all business areas covered are quickly identifiable. Legislative references summaries of key cases and HMRC guidance help the reader to understand possible allowances and allowable deductions in situations where there may be some ambiguity.Important legislative changes: Loan interest relief restriction for residential property businesses (F(No 2) Act 2015 and FA 2016);Property business deductions: Replacement of domestic items/abolition of wear and tear allowance (FA 2016);Calculation of profits of trades and property allowances (Finance (No 2) Act 2017);Trading and property allowances (Finance (No 2) Act 2017).