Related Commentary  Related HMRC Manuals

73(1)  In calculating the profits of a trade, a deduction is allowed for counselling expenses if–

(a)the person carrying on the trade (“the employer”) incurs the expenses,

(b)the expenses are incurred in relation to a person (“the employee”) who holds or has held an office or employment under the employer for the purposes of the trade, and

(c)the relevant conditions are met.

73(2)  In this section “counselling expenses”  means expenses incurred–

(a)in the provision of services to the employee in connection with the cessation of the office or employment,

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