Legitimate expense

[bthorn]

Hi there,

I started a photography business last year (sole trader), and completed a 6 week training course in Commercial Photography for the purposes of that business. Is the cost of the course an expense I can offset against profits for the purposes of tax?

Also can I offset membership of a professsional photography association in the same way as, for example, a trade union subscription can be offset?

Thanks in advance!

 

[Paddy199]

Absolutely 'wholly, exclusively and necessary for the purposes of the trade' = a valid trade expense.

Subscriptions are a valid expense too. Not a tax credit as you get with a trade union subscription.