Company flat rental - allowable expenses?
Company flat rental - allowable expenses?
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Discussion

MagicalTrevor

Original Poster:

6,481 posts

258 months

Tuesday 10th May 2022
quotequote all
I’m an IT contractor and will be renting a flat in London because it’s cheaper than the hotels (now the prices have gone up).

If I rent a place then what sort of things can be legitimately expensed?

For example, the flat won’t have a TV. Can I legitimately buy one for the flat for entertainment purposes?
It’s not used for business purposes, but I’m away from home because of the work I’m doing. I can’t find a clear answer anywhere.

Thanks

Somebody

1,756 posts

112 months

Tuesday 10th May 2022
quotequote all
I think it boils down to whether it's "wholly and exclusively" for business purposes. I wouldn't have thought a TV would fall into that category, unless it is used on business premises.


MagicalTrevor

Original Poster:

6,481 posts

258 months

Tuesday 10th May 2022
quotequote all
I’d agree with that. I suppose I’m thinking along the lines that I’m having to buy a tv because I’m working away. (Who doesn’t have a tv, right?)

Starfighter

5,345 posts

207 months

Wednesday 11th May 2022
quotequote all
The cost may be driven by your business plans but it is not FOR business.

MagicalTrevor

Original Poster:

6,481 posts

258 months

Wednesday 11th May 2022
quotequote all
Ok, I kind of expected this answer. Thanks for the clarification, much appreciated

Dg504

361 posts

192 months

Wednesday 11th May 2022
quotequote all
Don’t buy it for entertainment purposes, you ‘require it for presentations and connecting your laptop to when not in an office’

Eric Mc

125,607 posts

294 months

Wednesday 11th May 2022
quotequote all
Who needs a TV at all these days?

It's much harder to justify a business related reason for buying a domestically located TV than, say, ten years ago.

sideways sid

1,465 posts

244 months

Wednesday 11th May 2022
quotequote all
I may have misread - did you say you're an IT contractor and you want to expense a monitor? wink

deckster

9,631 posts

284 months

Wednesday 11th May 2022
quotequote all
sideways sid said:
I may have misread - did you say you're an IT contractor and you want to expense a monitor? wink
Definitely this. Buying a TV to catch up on Love Island = not allowed. Providing a large-screen monitor to enable working from home = perfectly OK.