Renting and tax reliefs

James Bond · Jul 14, 2018

Hi all, I had an offer to rent a small part of work from a friend, my question is this: suppose I clean £200 of work, and I pay 25% back to the owner of the round which is £50, do I claim the £50 as a business expense?

Thanks in advance

Incheck · Jul 14, 2018

James Bond said:
Hi all, I had an offer to rent a small part of work from a friend, my question is this: suppose I clean £200 of work, and I pay 25% back to the owner of the round which is £50, do I claim the £50 as a business expense?
Thanks in advance

In my mind why would you declare the 25 % that isn’t yours? You would just declare £150

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Part Timer · Jul 15, 2018

If you're getting the money directly from the customer and then paying them £50 to be able to claim for it you need an invoice from them.

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Renting and tax reliefs

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