Introduction Background
19.Existing tax legislation requires that where expenses are incurred that are partly for business purposes and partly for private purposes an apportionment of these expenses is made.
20.New Chapter 5A inserted by this schedule provides that for certain expenses an apportionment will not be required. A business can choose to make fixed rate deductions for vehicle expenditure, expenses arising from business use of home and in relation to premises used both as a home and as business premises