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Previously on "Renting a Room but Can I Claim expenses?`"
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Have to agree with TheFaqqer and NW - you are on dodgy ground here and I would certainly not have allowed the expense in the circumstances; the tenancy agreement proves nothing as it could be broken easily and the utility bill is irrelevant. At the end of the day, if HMR&C questioned you about the expense you would not be able to prove that you incurred the cost or that the cost was wholly and exclusively a business expense. You need to be aware that your umbrella company will not reimburse you any additional tax liabilities if HMR&C decide that they got it wrong
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Originally posted by bathingape View Postjust to let you all know that my tenancy agreement I made with my landlord when I moved in, along with a utility bill in my name for my permanent address was enough for the umbrella company for me to claim my monthly rent expense which is paid in cash
A few umbrella companies have faced large bills due to their interpretation of the tax rules on expenses, indeed HMRC could equally challenge your tax return on the basis that you have claimed tax relief on an item that is not accepted.
Tread carefully.
Alan
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Originally posted by bathingape View Postjust to let you all know that my tenancy agreement I made with my landlord when I moved in, along with a utility bill in my name for my permanent address was enough for the umbrella company for me to claim my monthly rent expense which is paid in cash
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just to let you all know that my tenancy agreement I made with my landlord when I moved in, along with a utility bill in my name for my permanent address was enough for the umbrella company for me to claim my monthly rent expense which is paid in cash
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You would need a receipt to support this claim, whether through a brolly or through a Ltd - you need to have some way of proving 1. that you have incurred a cost 2. that it is a business related expense; if your landlord is operating legitimately he should have no problem providing a receipt.
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Why did the reply I just tried to make to fox1's post get some weird moderation message?
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Originally posted by kingcook View PostMight be best to let the landlord know about the government's Rent a Room scheme
The Rent a Room scheme : Directgov - Money, tax and benefits
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Originally posted by thefox1Not interested in an argument. My umbrella at the time accepted my tenancy agreement. As said, the umbrella experts will confirm.
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Might be best to let the landlord know about the government's Rent a Room scheme
The Rent a Room scheme : Directgov - Money, tax and benefits
Leave a comment:
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