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.