Director of the company has a second home which has been let in their past but is now empty. It is on the way to a project he’s currently working on, his main residence is 100 miles+ away. Can he claim an amount from the business to cover his overnight stays there. Any ideas how much would be considered appropriate?
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So his company gets 19% Corporation Tax relief and he pays Income Tax at 20%, maybe more, on the rental income ?
The first question is - do the numbers stack up ?
Yes, thank you, good point, but it makes sense to as they can set expenses against the income. Presumably the 'house' can just invoice the company at an appropriate rate.
Sure. You're the one with the figures to hand.
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