45 Business entertainment and gifts: general rule
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Business entertainment and gifts

45  Business entertainment and gifts: general rule

(1)     The general rule is that no deduction is allowed in calculating the profits of a trade for expenses incurred in providing entertainment or gifts in connection with the trade.

(2)     A deduction for expenses which are

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