Hi
I am a director of a LTD company, I own an apartment which is rented out at the moment and a company car, these combined reduce the amount I can earn before tax down to £5000.
The company i work for is going to rent me an unfurnished apartment near work at a cost of £7800 pa. This will now be treated as benefit in kind and i am assuming this will be for the full £7800. I am to pay council tax and utilities.
Can anyone tell me what in real terms this will reduce my monthly wage by please. I am hoping it can be worked out from the £7800 and i do not have to put wage up.
If this is possible i would love to hear from you, just working out whether it is viable or should i relocate.
Regards
PRC
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