Income Tax (Trading and Other Income) Act 2005 section 92

Expenses connected with foreign trades

Section 92 provides special rules allowing deductions for certain expenses connected with trades carried on entirely outside the United Kingdom.

• An individual carrying on a trade conducted wholly outside the UK may claim deductions for certain travel, board and lodging, and family expenses that would otherwise be disallowed under the "wholly and exclusively" rule
• The trader must be absent from the UK wholly and exclusively for the purpose of carrying on the foreign trade, or that trade together with one or more other trades
• Family expenses qualify only where the trader's absence from the UK is for a continuous period of 60 days or more
• The relief does not apply to any profits of the foreign trade that are charged on the remittance basis under section 832

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