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Course and holiday

20 May 2014
Issue: 4452 / Categories: Forum & Feedback , Business , Companies , Income Tax

A client trades through a limited company of which he is the sole director and employee. His wife owns 50% of the company’s shares. The client will attend a four-day skills update course in the US

A qualified chiropractor trades through a limited company. He is the sole director/employee and the company’s shares are held jointly with his wife.

He is proposing to attend a four-day skills update course and conference in the US. His wife is planning to join him on the trip and they will take the opportunity to take a holiday in America with the costs relating to that additional holiday time met personally.

Our uncertainty not surprisingly centres on the extent to which the company can claim a corporation tax deduction on costs relating to the trip and whether the chiropractor will be taxed in relation to a benefit-in-kind.

Readers’ thoughts on these two points would be appreciated together with any pointers our client should be aware of in relation to the trip such as record-keeping cost allocation etc.

Query 18 384 – BJ


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