Hi,
I've got a contract which requires a 1 hour commute each way daily to their office - it's part of the contract that the work is done on site in a secure environment.
The commute is killing me and my car - as well as adding 10+ hours onto my working week. I'm now considering getting accommodation closeby to the office as I'll be able get a better standard of life by doing so (single, so no family to keep me at my registered company address).
As someone who is new to contracting I was wondering if it was possible to put the cost of the accommodation through my company books and thereby get some tax benefits through it.
Even if it was equivalent to transferring the equivalent of the mileage allowance, I'd be very happy.
Is there anything I can do in relation to accommodation to put it through the books and if so, does it have to be a certain type of accommodation - i.e. a sole rent agreement for a flat/house or can it be for a room in a house share, etc?
I'll be speaking to my accountant about this sometime, but I'd like to get some prior information before I broach the subject with him.
Any advice greatly appreciated.
Thanks.
I've got a contract which requires a 1 hour commute each way daily to their office - it's part of the contract that the work is done on site in a secure environment.
The commute is killing me and my car - as well as adding 10+ hours onto my working week. I'm now considering getting accommodation closeby to the office as I'll be able get a better standard of life by doing so (single, so no family to keep me at my registered company address).
As someone who is new to contracting I was wondering if it was possible to put the cost of the accommodation through my company books and thereby get some tax benefits through it.
Even if it was equivalent to transferring the equivalent of the mileage allowance, I'd be very happy.
Is there anything I can do in relation to accommodation to put it through the books and if so, does it have to be a certain type of accommodation - i.e. a sole rent agreement for a flat/house or can it be for a room in a house share, etc?
I'll be speaking to my accountant about this sometime, but I'd like to get some prior information before I broach the subject with him.
Any advice greatly appreciated.
Thanks.
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