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Where Taxpayers and Advisers Meet

Can I deduct nic and student loan as expenses?

leehodg
Posts:1
Joined:Sun Jan 27, 2019 5:22 pm
Can I deduct nic and student loan as expenses?

Postby leehodg » Sun Jan 27, 2019 5:26 pm

When working out my self-assessment can I deduct my nic 2 and nic 4 contributions and my student loan from my gross before computing income tax? or would the income tax apply to the gross before the nic/student loan contribs?

darthblingbling
Posts:698
Joined:Wed Aug 02, 2017 9:09 pm

Re: Can I deduct nic and student loan as expenses?

Postby darthblingbling » Sun Jan 27, 2019 9:21 pm

NIC and SLCs are not deductable for income tax purposes sorry


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