Q. Subject to any travel restrictions, I will be taking a holiday with my family in February. As I have several consultancy clients relatively near to where we will be staying, I've decided to extend the trip by four days so that I can go and meet with them to discuss business-related matters. Can I deduct a proportion of the costs of the holiday from my business profits?
A: As the main purpose of your trip is for private reasons rather than business ones there will be no relief available for the cost of the holiday. However, any additional costs that can be easily identified and separated, e.g., travel costs from your location to visit your clients, can be deducted. Ensure that you separate these out carefully in case you are asked to produce evidence at a later date.
The information provided in this blog is for general informational purposes only and should not be considered professional advice. As far as we are aware, the content is accurate at time of publication. Torgersens assumes no responsibility for errors or omissions in the content or for any actions taken based on the information provided.
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