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Tony Tax
Tony Tax, Tax Consultant
Category: UK Tax
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Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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Hi, re a self employed person and fees for professional services

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Hi, re a self employed person and fees for professional services regarding pension planning that an IFA is going to charge - are these Tax deductible? Thanks, CAS
Hi.

I'm afraid the IFA fees are not tax deductible as they are not incurred "wholly and exclusively" for the purposes of your business. They are a personal expense.

I hope this clarifies the position but let me know if you have any further questions.
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