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Old 3rd May 2007, 02:47
  #7 (permalink)  
Dan Winterland
 
Join Date: Jun 2001
Location: Fragrant Harbour
Posts: 4,787
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Tax relief is available on training, but not to us pilots!

The company counts training as an operating expense and consequently it reduces their profits. This of course reduces the tax they pay. the Tax Man considers this as tax relief already given on the cost of training and consequently we as pilots are not able to claim it back. Of course the company has probably charged you the full value of your training and are making a profit out of the deal.

As soon as pilots stop funding their own training this will stop. Hopefully soon - as the supply of pilots is diminishing.
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