diff --git a/src/components/MoneyReportHeader.tsx b/src/components/MoneyReportHeader.tsx
index 488dfc574ab2..d36c8c43d322 100644
--- a/src/components/MoneyReportHeader.tsx
+++ b/src/components/MoneyReportHeader.tsx
@@ -1,4 +1,4 @@
-import React, {useCallback, useMemo, useState} from 'react';
+import React, {useCallback, useEffect, useMemo, useState} from 'react';
 import {View} from 'react-native';
 import type {OnyxEntry} from 'react-native-onyx';
 import {withOnyx} from 'react-native-onyx';
@@ -8,6 +8,7 @@ import useWindowDimensions from '@hooks/useWindowDimensions';
 import * as CurrencyUtils from '@libs/CurrencyUtils';
 import * as HeaderUtils from '@libs/HeaderUtils';
 import Navigation from '@libs/Navigation/Navigation';
+import * as ReportActionsUtils from '@libs/ReportActionsUtils';
 import * as ReportUtils from '@libs/ReportUtils';
 import * as IOU from '@userActions/IOU';
 import CONST from '@src/CONST';
@@ -15,6 +16,7 @@ import ONYXKEYS from '@src/ONYXKEYS';
 import ROUTES from '@src/ROUTES';
 import type * as OnyxTypes from '@src/types/onyx';
 import type {PaymentMethodType} from '@src/types/onyx/OriginalMessage';
+import {isEmptyObject} from '@src/types/utils/EmptyObject';
 import Button from './Button';
 import ConfirmModal from './ConfirmModal';
 import HeaderWithBackButton from './HeaderWithBackButton';
@@ -32,6 +34,9 @@ type MoneyReportHeaderOnyxProps = {
 
     /** Session info for the currently logged in user. */
     session: OnyxEntry<OnyxTypes.Session>;
+
+    /** The transaction thread report associated with the current report, if any */
+    transactionThreadReport: OnyxEntry<OnyxTypes.Report>;
 };
 
 type MoneyReportHeaderProps = MoneyReportHeaderOnyxProps & {
@@ -40,14 +45,35 @@ type MoneyReportHeaderProps = MoneyReportHeaderOnyxProps & {
 
     /** The policy tied to the money request report */
     policy: OnyxEntry<OnyxTypes.Policy>;
+
+    /** Array of report actions for the report */
+    reportActions: OnyxTypes.ReportAction[];
+
+    /** The reportID of the transaction thread report associated with this current report, if any */
+    // eslint-disable-next-line react/no-unused-prop-types
+    transactionThreadReportID?: string | null;
 };
 
-function MoneyReportHeader({session, policy, chatReport, nextStep, report: moneyRequestReport}: MoneyReportHeaderProps) {
+function MoneyReportHeader({session, policy, chatReport, nextStep, report: moneyRequestReport, transactionThreadReport, reportActions}: MoneyReportHeaderProps) {
     const styles = useThemeStyles();
+    const [isDeleteRequestModalVisible, setIsDeleteRequestModalVisible] = useState(false);
     const {translate} = useLocalize();
     const {windowWidth, isSmallScreenWidth} = useWindowDimensions();
     const {reimbursableSpend} = ReportUtils.getMoneyRequestSpendBreakdown(moneyRequestReport);
     const isSettled = ReportUtils.isSettled(moneyRequestReport.reportID);
+    const requestParentReportAction = useMemo(() => {
+        if (!reportActions || !transactionThreadReport?.parentReportActionID) {
+            return null;
+        }
+        return reportActions.find((action) => action.reportActionID === transactionThreadReport.parentReportActionID);
+    }, [reportActions, transactionThreadReport?.parentReportActionID]);
+    const isDeletedParentAction = ReportActionsUtils.isDeletedAction(requestParentReportAction as OnyxTypes.ReportAction);
+
+    // Only the requestor can delete the request, admins can only edit it.
+    const isActionOwner =
+        typeof requestParentReportAction?.actorAccountID === 'number' && typeof session?.accountID === 'number' && requestParentReportAction.actorAccountID === session?.accountID;
+    const canDeleteRequest =
+        isActionOwner && (ReportUtils.canAddOrDeleteTransactions(moneyRequestReport) || ReportUtils.isTrackExpenseReport(transactionThreadReport)) && !isDeletedParentAction;
     const [isHoldMenuVisible, setIsHoldMenuVisible] = useState(false);
     const [paymentType, setPaymentType] = useState<PaymentMethodType>();
     const [requestType, setRequestType] = useState<'pay' | 'approve'>();
@@ -106,6 +132,19 @@ function MoneyReportHeader({session, policy, chatReport, nextStep, report: money
         }
     };
 
+    const deleteTransaction = useCallback(() => {
+        if (requestParentReportAction) {
+            const iouTransactionID = requestParentReportAction.actionName === CONST.REPORT.ACTIONS.TYPE.IOU ? requestParentReportAction.originalMessage?.IOUTransactionID ?? '' : '';
+            if (ReportActionsUtils.isTrackExpenseAction(requestParentReportAction)) {
+                IOU.deleteTrackExpense(moneyRequestReport?.reportID ?? '', iouTransactionID, requestParentReportAction, true);
+                return;
+            }
+            IOU.deleteMoneyRequest(iouTransactionID, requestParentReportAction, true);
+        }
+
+        setIsDeleteRequestModalVisible(false);
+    }, [moneyRequestReport?.reportID, requestParentReportAction, setIsDeleteRequestModalVisible]);
+
     // The submit button should be success green colour only if the user is submitter and the policy does not have Scheduled Submit turned on
     const isWaitingForSubmissionFromCurrentUser = useMemo(
         () => chatReport?.isOwnPolicyExpenseChat && !policy?.harvesting?.enabled,
@@ -121,6 +160,23 @@ function MoneyReportHeader({session, policy, chatReport, nextStep, report: money
         });
     }
 
+    // If the report supports adding transactions to it, then it also supports deleting transactions from it.
+    if (canDeleteRequest && !isEmptyObject(transactionThreadReport)) {
+        threeDotsMenuItems.push({
+            icon: Expensicons.Trashcan,
+            text: translate('reportActionContextMenu.deleteAction', {action: requestParentReportAction}),
+            onSelected: () => setIsDeleteRequestModalVisible(true),
+        });
+    }
+
+    useEffect(() => {
+        if (canDeleteRequest) {
+            return;
+        }
+
+        setIsDeleteRequestModalVisible(false);
+    }, [canDeleteRequest]);
+
     return (
         <View style={[styles.pt0]}>
             <HeaderWithBackButton
@@ -231,6 +287,16 @@ function MoneyReportHeader({session, policy, chatReport, nextStep, report: money
                 cancelText={translate('common.dismiss')}
                 danger
             />
+            <ConfirmModal
+                title={translate('iou.deleteRequest')}
+                isVisible={isDeleteRequestModalVisible}
+                onConfirm={deleteTransaction}
+                onCancel={() => setIsDeleteRequestModalVisible(false)}
+                prompt={translate('iou.deleteConfirmation')}
+                confirmText={translate('common.delete')}
+                cancelText={translate('common.cancel')}
+                danger
+            />
         </View>
     );
 }
@@ -244,6 +310,9 @@ export default withOnyx<MoneyReportHeaderProps, MoneyReportHeaderOnyxProps>({
     nextStep: {
         key: ({report}) => `${ONYXKEYS.COLLECTION.NEXT_STEP}${report.reportID}`,
     },
+    transactionThreadReport: {
+        key: ({transactionThreadReportID}) => `${ONYXKEYS.COLLECTION.REPORT}${transactionThreadReportID}`,
+    },
     session: {
         key: ONYXKEYS.SESSION,
     },
diff --git a/src/components/MoneyRequestHeader.tsx b/src/components/MoneyRequestHeader.tsx
index 5d3231ca0a41..f451f5f15581 100644
--- a/src/components/MoneyRequestHeader.tsx
+++ b/src/components/MoneyRequestHeader.tsx
@@ -222,7 +222,7 @@ const MoneyRequestHeaderWithTransaction = withOnyx<MoneyRequestHeaderProps, Pick
     transaction: {
         key: ({report, parentReportActions}) => {
             const parentReportAction = (report.parentReportActionID && parentReportActions ? parentReportActions[report.parentReportActionID] : {}) as ReportAction & OriginalMessageIOU;
-            return `${ONYXKEYS.COLLECTION.TRANSACTION}${parentReportAction.originalMessage.IOUTransactionID ?? 0}`;
+            return `${ONYXKEYS.COLLECTION.TRANSACTION}${parentReportAction?.originalMessage?.IOUTransactionID ?? 0}`;
         },
     },
     shownHoldUseExplanation: {
diff --git a/src/pages/home/ReportScreen.tsx b/src/pages/home/ReportScreen.tsx
index eb24109d5229..ef277984b4e9 100644
--- a/src/pages/home/ReportScreen.tsx
+++ b/src/pages/home/ReportScreen.tsx
@@ -335,11 +335,14 @@ function ReportScreen({
         );
     }
 
+    const transactionThreadReportID = useMemo(() => ReportActionsUtils.getOneTransactionThreadReportID(reportActions ?? []), [reportActions]);
     if (ReportUtils.isMoneyRequestReport(report)) {
         headerView = (
             <MoneyReportHeader
                 report={report}
                 policy={policy}
+                transactionThreadReportID={transactionThreadReportID}
+                reportActions={reportActions}
             />
         );
     }
@@ -659,7 +662,7 @@ function ReportScreen({
                                         isLoadingNewerReportActions={reportMetadata?.isLoadingNewerReportActions}
                                         isLoadingOlderReportActions={reportMetadata?.isLoadingOlderReportActions}
                                         isReadyForCommentLinking={!shouldShowSkeleton}
-                                        transactionThreadReportID={ReportActionsUtils.getOneTransactionThreadReportID(reportActions ?? [])}
+                                        transactionThreadReportID={transactionThreadReportID}
                                     />
                                 )}