Company Flat
Kay Thompson
Registered Posts: 22 New contributor 🐸
A director who pays PAYE on his £25K salary has a company flat that this paid for by the company. This is recorded on his P11d.
Would it be more cost effective for him to pay the rent himself:ohmy:
Would it be more cost effective for him to pay the rent himself:ohmy:
0
Comments
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Hi Kay
You would need to crunch the figures - ie what the rent is vs. the tax on the benefit.
If you give the figures, and someone is bored this afternoon - they might help you work it out :thumbup:
Claudia0 -
The benefit would be the old rateable value (may be open to negotiation) plus 6.25% x (value of property - 75000).0
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