BIM46990 - Specific deductions: repairs and renewals: maintenance of a technical library

The expenditure incurred by a professional person in maintaining a technical library for use in their profession may be allowed. The expenditure may include the cost of:

• new editions of and supplements to books already owned.
• replacements by new books of books rendered obsolete by extensive changes in the law, etc.
• technical periodicals.
• periodical parts of law reports, etc.
• binding of supplements, periodicals, etc.
• access to online materials or books etc. on DVD or CD.

The initial cost of establishing a technical library of books may qualify for capital allowances.