Company Flat

Kay Thompson
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:


  • claudialowe
    claudialowe Registered Posts: 275 Dedicated contributor 🦉
    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:

  • bryan100
    bryan100 Registered Posts: 23 New contributor 🐸
    The benefit would be the old rateable value (may be open to negotiation) plus 6.25% x (value of property - 75000).
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