- Messages
- 5,023
I have a couple of rental houses. One tennant has left, and the new one is not moving in until July. It needs the bathroom updating, so I'm going to do it next week.
here's the conundrum!
if I do it, then invoice it to the rental house. I will be able to claim tax relief on the property. But, will pay tax on the invoice to my business.
So im thinking, I will just do it and the business can stand my time and the bathroom suite. This way I will claim back the vat through the company and no tax is paid.??
am I right??
or is there a better way?
here's the conundrum!
if I do it, then invoice it to the rental house. I will be able to claim tax relief on the property. But, will pay tax on the invoice to my business.
So im thinking, I will just do it and the business can stand my time and the bathroom suite. This way I will claim back the vat through the company and no tax is paid.??
am I right??
or is there a better way?