flog
4th Apr 2008, 10:21
Hi,
Hypothetically, if I owned an aviation business (say a small scenic flight or charter op), would I be able to claim CPL/IFR/etc. training costs personally? From Ab-initio? CPL up?
I know I can claim them through the business, but for tax reasons it would be better for me to do it personally.
Has anyone got any information on this? My accountant looked at me blankly when I asked the question which I usually take to mean it's going take him a year, and me a lot of money, to find out. (Not that I won't do that anyway, but if someone knows a precedent it would make the journey of discovery that much shorter...)
Cheers,
Flog.
Hypothetically, if I owned an aviation business (say a small scenic flight or charter op), would I be able to claim CPL/IFR/etc. training costs personally? From Ab-initio? CPL up?
I know I can claim them through the business, but for tax reasons it would be better for me to do it personally.
Has anyone got any information on this? My accountant looked at me blankly when I asked the question which I usually take to mean it's going take him a year, and me a lot of money, to find out. (Not that I won't do that anyway, but if someone knows a precedent it would make the journey of discovery that much shorter...)
Cheers,
Flog.