All about apportionment. By Nichola Ross Martin

Nichola Ross Martin, of the Practical Law Company considers when traders can claim a part or proportion of an expense.

In business you tend to incur costs for one reason – for the purpose of the business. Some expenses are incurred for more than one reason, and if you can identify part or a portion of them which relates wholly and exclusively to your business you can claim part of the expenses for tax purposes.