BIM45851 | Specific deductions: losses: of stock or cash by fire etc

From HM Revenue & Customs · Business Income Manual

Allow to the extent not covered by insurance

The loss of stock-in-trade or of cash in hand by fire, burglary, theft or the negligence of an employee is, in the ordinary course of events, an allowable deduction.

Where the loss is covered in whole or in part by insurance for the treatment of sums received under the policy, see onwards.

See also under:

  • bad and doubtful debts ( onwards),

  • compensation and damages ( onwards), and

  • guarantee payments ( onwards).