Renting secondary residence and tax relief

[stumacgunnermac]

Hi,

Posting this in it's own thread cause I put it on another one similar to this, but everybody was going off thread about Umbrella companies!!!

I'm trying to work out what is the best option on how I can claim the tax back on a contract I'm about to start.

The contract is 60 miles away from my Primary Residence and so I want to rent a flat there. Don't really want to drive it daily as it is a real bad traffic nightmare.

What is the stipulation on how far from your primary residence the other location has to be and how do you prove that you don't live there at the weekend, perhaps a clause in the tenancy agreement?

Is there somewhere I can look on the net to investigate this ruling?

Any help appreciated.

[Emperor Dalek]

There have been several discussions about this on this forum, so a search should turn them up.

The dream ticket is the contract in YourCo's name with an explicit statement that it is available Mon-Fri only.

[xoggoth]

A 60 mile journey works out at 2*60*5*0.4 = £240 a week you could claim as mileage for the first 10k miles and still £150 a week after that. The IR won't normally object to something that will reduce your legitimate expenses.

[stumacgunnermac]

Thanks xoggoth & Emperor Dalek for your advice.

[boredsenseless]

A 60 mile journey works out at 2*60*5*0.4 = £240 a week you could claim as mileage for the first 10k miles and still £150 a week after that. The IR won't normally object to something that will reduce your legitimate expenses.

Don't you have to have actually driven the miles???

I accept that if the hotel/flat (that you could have claimed legitimatley) cost more they would probably let it slip, but if you couldn't claim the rental why would they be happy to let you claim mileage you didn't do instead.

Oh and by the way they can legally look at things like milometers in cars in an investigation

[xoggoth]

Guess I wasn't clear. I meant if you were to claim a lesser amount as rent and food INSTEAD of claiming the mileage it should not be a problem.

[boredsenseless]

Guess I wasn't clear. I meant if you were to claim a lesser amount as rent and food INSTEAD of claiming the mileage it should not be a problem.

I'd agree with that! So long as you remember to note your calculation and reasonong in your accounts in case they ask