Flat Rental (+ food!)

[Scruff]

I was advised that it didn't matter. Simply became an expense claimed back from YourCo if you paid for it personally.

It is always a good idea to contract in YourCo.'s name - this removes any doubt who the contracting parties are, as well as shifting contractual liability to YourCo. Additionally, if you and the Vendor are VAT registered, you can claim the VAT back, too.

[radish2008]

It is always a good idea to contract in YourCo.'s name - this removes any doubt who the contracting parties are, as well as shifting contractual liability to YourCo. Additionally, if you and the Vendor are VAT registered, you can claim the VAT back, too.

I'm not sure how practical this is - I've rented 3 flats in London and have ben told each time that a business let isn't possible as a business credit check isn't possible or acceptable. How many flats have you rented Scruff and what were your experiences ?

[Scruff]

I'm not sure how practical this is - I've rented 3 flats in London and have ben told each time that a business let isn't possible as a business credit check isn't possible or acceptable. How many flats have you rented Scruff and what were your experiences ?

Serviced Apartments are commercial enterprises and are geared up to be let by Corporate Entities. If they aren't, I would question their business model, and not use them. I would not rent a residential apartment in MyCo.'s name to use as a base whilst living away.

I have never rented an apartment in MyCo.'s name. When I work away, I stay in hotels.

[Yorkie62]

I'm not sure how practical this is - I've rented 3 flats in London and have ben told each time that a business let isn't possible as a business credit check isn't possible or acceptable. How many flats have you rented Scruff and what were your experiences ?

Rented a few flats whilst staying away over the years. Always in myco name. Never had a problem. Being told that a business let in not possible is the letting agent being lazy, or dodgy! Most reputable letting agents do not have a problem with a business let so long as you can provide 3 years worth of accounts. I would be wary of any agent who makes such lame excuses regarding not being able to let to a business.

[BoredBloke]

Your accountant advised the same as mine did.

I'd also advise against renting from a risk point of view - your project could be canned at any time but you are committed to the rent for the length of your rental contract.

That happened to me when the client canned the whole project. I was left with a flat I didn't need at Victoria docks. I told the landlord and we agreed that they would advertise it and I'd stump up their costs.

[LondonManc]

That happened to me when the client canned the whole project. I was left with a flat I didn't need at Victoria docks. I told the landlord and we agreed that they would advertise it and I'd stump up their costs.

Yeah, it's not pretty. You're generally, unless you get lucky, going to be a couple of grand out of pocket.

[jlcook99]

So my accountant took a fresh look at the situation and has agreed that even if you rent a flat (as opposed to hotel) that you can claim for expenses like food without needing to declare anything on P11D.