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Where Taxpayers and Advisers Meet

Search found 5 matches

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by taxisconfusing
Sun Jun 02, 2019 11:32 pm
Forum: Property Taxation
Topic: Insured damage as expense?
Replies: 2
Views: 124

Re: Insured damage as expense?

Thanks, rent-a-room it is!
by taxisconfusing
Sun Jun 02, 2019 11:23 pm
Forum: Income Tax
Topic: Any tax reliefs/expenses for a place rented purely for work?
Replies: 7
Views: 232

Re: Any tax reliefs/expenses for a place rented purely for work?

Could it be considered a property expense that offsets my property income?
by taxisconfusing
Sat Jun 01, 2019 11:28 pm
Forum: Income Tax
Topic: Any tax reliefs/expenses for a place rented purely for work?
Replies: 7
Views: 232

Any tax reliefs/expenses for a place rented purely for work?

Hi, New job in a different city. Permanent employee. Will be renting a place to stay there mon-thurs. Can the rent, train ticket, etc be expensed against income tax? Are there any tricks at all? fyi in case there is some kind of cost-offsetting I can do, I rent to two lodgers in my main residence. C...
by taxisconfusing
Sat Jun 01, 2019 7:55 pm
Forum: Property Taxation
Topic: Insured damage as expense?
Replies: 2
Views: 124

Insured damage as expense?

Hello, I rent out two rooms two lodgers, and would normally use rent-a-room as this exceeds what I think my expenses would be if I went the more complicated route. However, this year I suffered a very expensive leak. I reclaimed the cost of making this right through my buildings insurance. Now I won...
by taxisconfusing
Wed Aug 17, 2016 4:31 pm
Forum: Company Taxation
Topic: Company wind up / "phoenixing" issue
Replies: 1
Views: 1202

Company wind up / "phoenixing" issue

Hi all, I was sole director in a limited go through which I did contracting in the finance / management consultancy type sector. I stopped generating work c. December 2015, last invoice came in 30 Dec 2015, but the actual wind-up got processed late April as the accountants we're all that quick about...

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