Apologies, I guess I havent been clear. When I say he's assuming he's outside IR35, he (we) know that most probably he's inside, but operating on the assumption tha he wont be investigated. We know IR35 is a huge issue but hardly no of anyone to have been investigated and made to cough up the correct tax
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Limited company - rent as an expense
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Originally posted by rutar View PostApologies, I guess I havent been clear. When I say he's assuming he's outside IR35, he (we) know that most probably he's inside, but operating on the assumption tha he wont be investigated. We know IR35 is a huge issue but hardly no of anyone to have been investigated and made to cough up the correct taxThe greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by rutar View PostApologies, I guess I havent been clear. When I say he's assuming he's outside IR35, he (we) know that most probably he's inside, but operating on the assumption tha he wont be investigated. We know IR35 is a huge issue but hardly no of anyone to have been investigated and made to cough up the correct tax
And if you are playing that game why are you even bothered what the answer to your question is. Just stick it all through the company. You'll never get found out. :'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostAnd if you are playing that game why are you even bothered what the answer to your question is. Just stick it all through the company. You'll never get found out. :
I know it is (or was) legitimately possible to claim rent (and associated costs such as council tax/leccy/water) for a temp property near client instead of hotel/b&b but I last did it before the more recent T&S/IR35 changes so would be a lot more wary these days.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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Originally posted by rutar View PostHi,
A friend is a doctor who normally lives in Wales, he has now moved to Essex (exclusively for work purposes) to locum at a hospital and now rents a private property whilst still paying a mortgage on his property in Wales. He has formed a limited company and the query is will he be able to claim rent as an expense? (the assumption is he is working outside IR35)
Thank you
If he's using it at the weekends it's his primary residence and so not a valid business expense IMHO.
Edit: As for the "it'll never happen to me" approach to IR35 I assume he has insurance to cover the legal costs of an investigation regardless of the result?Comment
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Originally posted by Pondlife View PostSo it's his primary residence now? Or does he travel back to Wales for the weekend. Every weekend.
If he's using it at the weekends it's his primary residence and so not a valid business expense IMHO.
Edit: As for the "it'll never happen to me" approach to IR35 I assume he has insurance to cover the legal costs of an investigation regardless of the result?merely at clientco for the entertainmentComment
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Originally posted by blackeye View PostHow much to locum doctors earn? Just out of curiosity...'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by rutar View PostHi,
A friend is a doctor who normally lives in Wales, he has now moved to Essex (exclusively for work purposes) to locum at a hospital and now rents a private property whilst still paying a mortgage on his property in Wales. He has formed a limited company and the query is will he be able to claim rent as an expense? (the assumption is he is working outside IR35)
Thank you
There shouldn't be a problem assuming he still maintains his primary residence in Wales. There could be implications if he stays there on weekends/days off this is not wholly and exclusively business related.
1. Ensure the tenancy agreement is in the companies name and paid from the company bank account.
2. Ensure the tenancy agreeement is short term (most assured shorthold tenancies are - hence their name).
3. Tell him to appoint an accountant to advise on these queries.
Regards
DomComment
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Originally posted by northernladuk View PostAround 11k a year. HTH
TBH I'm glad to hear that the people who actually add real value to society and save the lives of our loved ones earn more than us.Comment
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