Originally Posted by
Normal Pilot
What more would you like to know?
If the type rating costs €25,000, you pay for it. Start work, claim it as an expense, you pay €25,000 less in tax. Therefore you have paid €25,000 less in tax, so as I said effectively you haven't paid anything for the type rating.
Let me know if you want to know anything more specific.
I was under the impression that TR costs are not tax deductible in the UK. Is it because you are a "business" and the TR is a "business" expense? This whole self employed thing is a can of worms, a disaster waiting to happen! And I have to say as someone paying Their fair share of tax through PAYE I hope this comes to an end soon. Why should one pilot get away with paying the square root of F all whilst I pay 40 percent?