Private health insurance for sole trader

he says its tax deductible

Didn't find your answer?

Before I argue that its not tax deductible, can anyone point me in the direction of relevant legislation to back up the poistion thats its not tax deductible, or to show me I might be wrong.

Replies (8)

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By Ruddles
17th Sep 2018 16:34

Did you really have to ask that question?

ITTOIA 2005 s34

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JCACE
By jcace
17th Sep 2018 16:35

You could show him BIM45560.
I'm not aware of any specific legislation, but I would imagine that it simply fails on the "wholly and exclusively" principle

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By Tim Vane
17th Sep 2018 16:37

I generally hate quoting HMRC "guidance" to clients but in this case I agree with the above that sending the client a link to BIM45560 is the quickest way to curtail any arguments from the smart-[***] clients out there.

https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim45560

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Replying to Tim Vane:
By Ruddles
17th Sep 2018 16:40

I wouldn't disagree with sending the link, but if he's a real smart-[***] client he'll point out that PHI and PMI are two different things (not that it changes the tax analysis in any way).

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By andy.partridge
17th Sep 2018 16:51

Shouldn't you be asking the client for the legal references if they profess to be that much of an expert?

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Replying to John R:
By Ruddles
17th Sep 2018 17:48

It’s a possibility. My money’s against it.

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By practiceperson
23rd Sep 2018 12:56

Thanks everyone for your replies. Much appreciated

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