Hi there
I set up a company and used reciepts for all my training (up to 3 years prior to incorporation) as 'set up costs'. This includes an FAA CPL/multi/IR and JAA CPL/FI.
I bill the school, they write a cheque to the comany, usually the same day. My company presently owes me in excess of 30k, which will take to about the year dot and beyond to recoup at instructing rates.
Downside, had to go through 3 years of receipts construct accounts and will probly end up paying around 600 quid to the accountant to sort it all out (plus one of around 150 quid incorporation costs)
Was spending all that money sensible? - NO!
Would I do it again? You bet, best job I've ever had, but a good job I've got another one to pay the bills. And for my IRI. And my JAA IR. And some multi hours. And my CRI. etc. etc.....
PF