47 Business gifts: exceptions
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

47  Business gifts: exceptions

(1)     The prohibition in section 45 on deducting expenses incurred in providing gifts does not apply in any of cases A, B, C and D.

(2)     Case A is where—

(a)     the gift is of an item which it is the trader's trade to provide, and

(b)     the item is given

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