Directors who incur job-related expenses can only claim a tax deduction where there’s absolutely no personal benefit for them. If they buy equipment the rules are less strict, but there are
conditions. How can you ensure a tax deduction?
Published 20.02.2017
In a recent case the tax tribunal considered an employee’s claim for a deduction from his tax bill in respect of household expenses. It was a mixed result but had the employee been a director could
he have claimed more?
Published 17.05.2011
The Taxman doesn’t allow a deduction for the cost of travel between your home and normal place of work. But one exception to this rule is where the trip includes a business purpose. When can you make
use of this loophole?
Published 17.07.2012
If your year-end is approaching, you need to optimise business expenditure to reduce taxable profit. What will the Taxman let you get away with?
Published 10.05.2007
You’re replacing some of your office furniture and equipment, it’s in good nick and would be ideal for your office at home. But if the company gives it to you you’ll be hit with a tax bill. Can you
reduce or avoid this altogether?
Published 12.11.2012
You’re buying fancy IT equipment that you’ll use some of the time for work. Your fellow directors have agreed that the company can contribute to the cost. Can this payment be made tax free?
Published 25.06.2018
You’re having an outside office, which you’ll use for business, installed in your garden at a cost of £15,000. For optimum tax efficiency who should own it, you or your company?
Published 29.05.2014
As a director or employee you’re entitled to a tax deduction for the cost of equipment you purchase and use in your work. What do you need to know to ensure your claim is complete and correct?
Published 27.06.2023
Your new company is in the process of buying some office equipment, but needs extra funds to do it. You can lend it the money, but a colleague suggests purchasing the equipment yourself might be more
tax efficient. Is he right?
Published 23.12.2014
When your company buys equipment it’s allowed to claim a tax deduction for the cost. But in some cases a director might be entitled to claim a greater tax deduction if they buy the equipment and let
the company use it. Is this a good idea?
Published 13.04.2010