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Paying a bursary

Paying a bursary

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I have a client who is interested in paying a bursary to their son at university. The client is a director of a Ltd company and I am interested to know if this can be legitimately paid as a company expense, or is this a form of income to the director. What are the tax implications to his son, is this exempt of tax as with a scholorship or would it be considered as an income? Also are their any other implications for the Ltd company?

Many thanks

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By duncanedwards
08th Oct 2014 23:52

Think very similar questions re school fees have been asked in the last couple of months.

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By johngroganjga
09th Oct 2014 08:37

Difficult to see how this would not be a benefit in kind on the director (not the son).

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