SE32510 - Other expenses: directors' expenses

A director is not entitled to a deduction for expenses that result from the fact that he or she holds a number of directorships. Each directorship is a separate and distinct office. A deduction can only be permitted if an expense satisfies all of the conditions of Section 198(1) ICTA 1988 in relation to one of the offices. The conditions to be satisfied are summarised at SE31630.

A deduction is available by concession for certain travelling expenses incurred by directors, see SE32390. For 1998/99 and later years legislation has been introduced to permit a deduction for certain travelling expenses incurred by directors, see SE32035.