I have a 2 year contract 100 miles away from our family home. I don't fancy living in a hotel for 5 days a week and would rather rent a flat.
Do I claim the rent as a personal expense from my Ltd? I won't be able to pass it onto client but their day rate is good enough to cover it. If I claim as an expense is it a tax deductible expense?
Alternatively, can the Ltd co rent the property for me and again treat it as an expense before tax?
With thanks
Do I claim the rent as a personal expense from my Ltd? I won't be able to pass it onto client but their day rate is good enough to cover it. If I claim as an expense is it a tax deductible expense?
Alternatively, can the Ltd co rent the property for me and again treat it as an expense before tax?
With thanks
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