HC Deb 01 April 1976 vol 908 c541W
Mr. Forman

asked the Chancellor of the Exchequer what allowance there is for lawyers and other professional people to set off against tax the cost of textbooks and reports necessary to them in the performance of their work.

Mr. Denzil Davies

The cost of maintaining a technical library, including the cost of replacing obsolete books and of subscriptions to technical periodicals, is normally deductible in arriving at a professional person's taxable profits. The initial cost of setting-up such a library, and the cost of additions to it, is not allowable, since it is a capital expense.

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