Hi All,
I am foreign national and worked in the UK as IT specialist for few years before I was made redundant and had been unemployed for 5 months. Then I had got IT contract, set up Limited company and worked under that contract for 10 months. After the end of the contract I came back to my home country.
I have attended HMRC webinar on P11D and asked them whether am I allowed for tax relief for studio property I rented for the period of contract as it was wholly related to the temporary employment.
They answered that I can have tax relief for the studio when calculating profit for Corporation Tax for limited company.
Should I enter these expenses in P11D and in which line (I understand that line D Living Accommodation is not suitable for that)?
Thanks,
Vic
I am foreign national and worked in the UK as IT specialist for few years before I was made redundant and had been unemployed for 5 months. Then I had got IT contract, set up Limited company and worked under that contract for 10 months. After the end of the contract I came back to my home country.
I have attended HMRC webinar on P11D and asked them whether am I allowed for tax relief for studio property I rented for the period of contract as it was wholly related to the temporary employment.
They answered that I can have tax relief for the studio when calculating profit for Corporation Tax for limited company.
Should I enter these expenses in P11D and in which line (I understand that line D Living Accommodation is not suitable for that)?
Thanks,
Vic
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