BIM46801 - Specific deductions: rent & rates: introduction
Expenses connected with premises or land occupied by a trader
for the purposes of their trade will normally be allowed as a
deduction unless the expenses relate to a capital matter (
BIM35000 onwards).
Normal principles apply such as the
wholly and exclusively rule (
BIM37000 onwards).
Examples of allowable expenses include:
- rent paid by a trader to their landlord for premises they use for business purposes,
- business rates, council tax, ground rents or feu duties,
- the cost of insurance, whether of the building or of the contents.
