Originally posted by Bluebird
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Which may see you being a pointer to IR35. Definatly better to pay for it yourself and invoice for it.Originally posted by scooterscotDo what I do, get your client to pay the rent for you!Comment
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As a couple of the guys here have said - whether or not you can claim rental depends on your situation. If you normally live in Scotland, have a house there, pay the mortgage etc etc but take up a contract in London and decide to rent rather than stay in a hotel you can claim for the cost of the rent. If, however, you give up one rented residence for another there has been no additional cost to you and therefore the cost cannot be claimed as an expenseComment
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Is it not true that, even if you maintain your original residence, if the flat that you rent is available to you on weekends then that availability is a benefit, even if you do not use it?Originally posted by LisaContractorUmbrellaAs a couple of the guys here have said - whether or not you can claim rental depends on your situation. If you normally live in Scotland, have a house there, pay the mortgage etc etc but take up a contract in London and decide to rent rather than stay in a hotel you can claim for the cost of the rent. If, however, you give up one rented residence for another there has been no additional cost to you and therefore the cost cannot be claimed as an expenseGod made men. Sam Colt made them equal.Comment
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Originally posted by LisaContractorUmbrellaAs a couple of the guys here have said - whether or not you can claim rental depends on your situation. If you normally live in Scotland, have a house there, pay the mortgage etc etc but take up a contract in London and decide to rent rather than stay in a hotel you can claim for the cost of the rent. If, however, you give up one rented residence for another there has been no additional cost to you and therefore the cost cannot be claimed as an expense
Thanks, Lisa. Good answer. So just out of curiousity, for someone from overseas, like US/Oz etc, would this be the same logic applied?
Cheers.Comment
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On 700 pounds and accomodation paid for -- some people have it allOriginally posted by scooterscotDo what I do, get your client to pay the rent for you!
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I'm feeling ballsy, besides it's cheaper than paying for a hotel and keeps down unnecessary paper work. Mondey not spent on the hotel is more money for the tax man, I'm doing them a favour.Originally posted by SockpuppetWhich may see you being a pointer to IR35. Definatly better to pay for it yourself and invoice for it."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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My accountant said not, providing you can argue that there is a benefit to the business for having it available at weekends. For example, if I can rent a flat for £850 a month (and it's available at weekends), then there is a clear business benefit over paying £75 a night for a hotel, four nights a week.Originally posted by Euro-commuterIs it not true that, even if you maintain your original residence, if the flat that you rent is available to you on weekends then that availability is a benefit, even if you do not use it?
Just don't use it for personal use though!Comment
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I got the same beef from my accountant. You're making more money for the tax man this way ergo everyone is happy.Originally posted by TheFaqqerMy accountant said not, providing you can argue that there is a benefit to the business for having it available at weekends. For example, if I can rent a flat for £850 a month (and it's available at weekends), then there is a clear business benefit over paying £75 a night for a hotel, four nights a week.
Just don't use it for personal use though!"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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No it's not. But if you do use it a weekends then it is a benefit and should be declared as such.Originally posted by Euro-commuterIs it not true that, even if you maintain your original residence, if the flat that you rent is available to you on weekends then that availability is a benefit, even if you do not use it?
What I did was to put down 5% of the rental as a bik to cover odd usage. Hector was a happy bunny.Comment
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