Allowable expenses for student

[ferretmanabu]

Hi.

I have recently started a course in Medicine and have paid various costs for the course including 3000 pounds for fees and some more for text books.

However, I am also a locum pharmacist part time (self employed). I was wondering if it would be possible to claim the fees and books etc. as allowable expenses from my pharmacy income?

Many thanks for your help.

[Instinctive]

Are the expenses of your Medical course incurred wholly and exclusively in the performance of your self-employment as a Locum Pharmacist?

On the face of it, this doesn't appear to be the case.

If so, the expenses are personal in obtaining a new skill and not deductible in your self-employment accounts.

Ramnik

[Daniya]

One way or another you can claim the above exps...have a word with your accountant,or otherwise have a word with the local tax inspector.I remember paying for my course and it was allowed.

In simple its not what you say, but how you ask the question!!!!

Rana

[Bob Jones]

I am sorry - this is definitely NOT allowable. It is not in the performance of the duties of your employment. I am saying this on the basis of 39 years service for the Inland Revenue - 29 years as the Inspector to whom these cases were referred for advice and as the Inspector that would take this to a Commissioners meeting. The rules are very strict - any case where something similar has been allowed it should not have been allowed. I had a case just before I retired of a casualty doctor who had to take a course and an exam every year to enable him to work in casualty. Not allowable - he is not performing the duties of the employment as a casualty doctor when on a course or siiting an exam - it is incurred to enable him to continue in employment - not in the course of the duties of that employment - this was on the advice of the specialist in Head Office .... I was told to take it to the Commissioners but the other side backed down. You are not perfoming your duties as a pharmacist whilst studying the course in Medicine - sorry this isn't the answer you were looking for but it is the correct one ..

Bob Jones
Internet Taxation Ltd
bob@internet-taxation.co.uk