Share this content

Can director claim overnight in own 2nd property?

Didn't find your answer?

Search AccountingWEB

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?


Please login or register to join the discussion.

17th Jan 2019 17:13

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 ?

Thanks (3)
to lionofludesch
30th Jan 2019 16:39

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.

Thanks (0)
to AJ
30th Jan 2019 16:42

Sure. You're the one with the figures to hand.

Thanks (0)
Share this content