RENTAL OF SECOND HOME WHILST WORKING AWAY

RENTAL OF SECOND HOME WHILST WORKING AWAY

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I have a client who is considering renting a property to live in whilst away form home in the working week

Can someone please direct me to where I can view the definitive rule pertaining to this

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By mabzden
18th Feb 2014 15:40

Not sure there are "definitive rules"

I'm not sure there are definitive rules as rental payments need to be assessed using the "wholly and exclusively" test along with the rules regarding duality of purpose. The outcome of these tests will always depend on the facts of the case.

Here's a link to a good article by Nichola Ross Martin going through some of the Tribunal decisions and factors to consider:

http://www.rossmartin.co.uk/sme-tax-news/35-sme-tax-news/1144-tim-healyp...

(PS I'm assuming your client is self-employed, although that's not clear in your question.)

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