PPRuNe Forums - View Single Post - Tax Relief on Bond Repayment?
View Single Post
Old 22nd Mar 2017, 04:44
  #15 (permalink)  
RAFAT
 
Join Date: Oct 2000
Location: UK
Posts: 530
Likes: 0
Received 0 Likes on 0 Posts
I was prompted to consult my Accountant about this at the end of last year when I had to repay the small remainder of a bond. He referred me to an HMRC document: SpC569, which is probably available somewhere on the Gov.uk website. It refers to a couple of pilots and their case against HMRC in regard to tax relief on training costs.

In summary, the decision was that bonds do not qualify for tax relief.
RAFAT is offline