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Recent content by andy m
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Rent a Room and limited company contracting
Hi all and thanks for the responses! For what it's worth the original opinion I queried was from my accountant! Perhaps I need a new one! I took the opportunity to clarify with HMRC via their online chat session (HMRC providing actually useful support!) and got the following: Q: Hi. If I rent...- andy m
- Post #13
- Forum: Accounting / Legal
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Rent a Room and limited company contracting
Apologies - clearly this was a stupid post (now edited by the way). I imagined, as have some other contractors I've spoken to incidentally, that given that the rent a room allowance provides for 'tax free' earnings over and above the personal allowance that this might also apply for limited...- andy m
- Post #4
- Forum: Accounting / Legal
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Rent a Room and limited company contracting
Hi, I currently contract through a limited company and am considering renting out a room in my house - using the rent a room allowance. I'm confused, however, on how this affects the amount I can take out of the company and remain tax efficient. One opinion seems to be that I would have to...- andy m
- Thread
- Replies: 14
- Forum: Accounting / Legal
