Barrister:
Can I claim tax relief on my court clothing?
You can claim income tax relief on the cost of the upkeep of your wig and gown and the cost of court wear consumables such as collars, bands and studs.
The cost of your wig and gown is treated as capital expenditure. You obtain the relief for the cost in the form of capital allowances in the same way as you would obtain relief for the cost of your car or computer.
There is an alternative treatment to obtain tax relief on your wig and gown, known as the renewals basis. In this case you will not claim relief for your first wig and gown but subsequent purchases are treated as revenue expenditure and relief obtained in full through your accounts.
Income tax relief is not available for the cost of suits worn in court. This is not to be confused, however, with the VAT treatment. You can deduct, for VAT purposes, the input tax on the cost of a dark suit and similar items of clothing purchased specifically for court wear. HM Customs and Excise are prepared to allow you to claim the input tax on two dark suits purchased each year.
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Where next?
Within Established barrister…- How much should I put aside for taxes?
- Can I claim for all of my motor expenses?
- Do I get full tax relief for my car and computer?
- I am buying a house: can you help me?
- Is there any tax relief for working from home?
- Can I pay my spouse for secretarial duties?
- How does the catch up charge affect me?
- How much can I pay into my pension scheme?
- Can you help me budget my personal finances?
- What happens if I become ill or am injured? Can I insure against this?
- I’ve received a letter from the taxman – help
Within Barrister…
General…
