A solicitor is a partner in a local firm. She is executor to the
estate of a person who was the only shareholder in a property
holding company. As part of her duties as executor she becomes a
director of the company and arranges for it to be sold. She visits
a number of people who are interested in buying the company and the
company reimburses her for the cost of these journeys.
Extra-Statutory Concession A4 applies. The director is not
assessed to employment income on the travelling expenses paid to
her by the company as long as the expenses she incurs are not
deducted in computing the profits of her partnership for Trading
Income purposes.
