Related Commentary  Related HMRC Manuals

74(1)  In calculating the profits of a trade, a deduction is allowed for retraining course expenses if–

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

(b)they 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.

74(2)  In this section–

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