Guys a newbie here and I have done a serious amount of homework on the subject..and all is good. And this forum has helped a lot so thank you for that.
my question is obviously up to me but i wanted to ask what others are doing, especially as i can offset the rental as an expense.
basically i can take home more a month if i pay more for a rented Apartment or house as i can expense it say 1200 per month for a house
and a double room ( so i travel home at weekends ) is 700 per month
now i take home less after tax if i just take the room so I was going to rent my house and rent an apartment or house and take home more - other wise the tax man gets it..
now to me its a no brainer but i am paying more and taking home more.... something doesn't add up!
its a year contract.
what are others doing?
my question is obviously up to me but i wanted to ask what others are doing, especially as i can offset the rental as an expense.
basically i can take home more a month if i pay more for a rented Apartment or house as i can expense it say 1200 per month for a house
and a double room ( so i travel home at weekends ) is 700 per month
now i take home less after tax if i just take the room so I was going to rent my house and rent an apartment or house and take home more - other wise the tax man gets it..
now to me its a no brainer but i am paying more and taking home more.... something doesn't add up!
its a year contract.
what are others doing?
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