Division B2.4 Trading expenses—specific itemsFor updates affecting this Division please see Part B0 UpdatesWhich expenses may be deductible?B2.401 Deductible trading expenses—overviewThe general principles to be applied in determining whether an item of expenditure may be deducted in computing the profits of a trade, profession or vocation assessed are set out in detail in the following Divisions: • Division B2.3 Trading expenses — general principles of deductibility • Division B2.3A Trading expenses — capital vs revenue • Division B2.3B Trading expenses — incurred wholly and exclusivelyThe relationship between rules prohibiting certain specific deductions and those allowing deductions is
For updates affecting this Division please see Part B0 Updates
The general principles to be applied in determining whether an item of expenditure may be deducted in computing the profits of a trade, profession or vocation assessed are set out in detail in the following Divisions:
• Division B2.3 Trading expenses — general principles of deductibility
• Division B2.3A Trading expenses — capital vs revenue
• Division B2.3B Trading expenses — incurred wholly and exclusively
The relationship between rules prohibiting certain specific deductions and those allowing deductions is
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