Are my comfy shoes tax-deductible?

I get asked this a lot by clients, and I'm afraid the answer is probably "no". Here's why... There are three magic words to consider when it comes to deciding whether something should be put through as an allowable expense in your tax return. Those words are "wholly and exclusively". In other words, if they're suitable only for your business then they would be classed as an allowable expense - think steel toe-capped safety shoes for use on a building site or in a factory. But if they're a standard pair of flat shoes or trainers, then there would be a possible duality of purpose. Yes, you need to have comfortable footwear when you're on your feet treating clients all day, but even if you w

Copyright © SHBK 2014-2020.  All rights reserved.

Registered Practice 16259