The following Owner-Managed Businesses guidance note by Tolley in association with Julie Butler provides comprehensive and up to date tax information covering:
Self employed solicitors, barristers and advocates are subject to the rules for deductions set out in ITTOIA 2005, s 25. They are allowed to deduct expenses which are wholly and necessarily incurred by them as part of their practice, see the Wholly and exclusively guidance note. By contrast employees are only allowed to deduct expenses which are wholly, necessarily and exclusively for the purposes of their employment.
There are some professional costs which solicitors, advocates and barristers incur to enable them to fulfil their professional functions.
The initial purchase of wigs, gowns and frock coats for use in court are capital expenditure and eligible either for capital allowances a
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