Tax relief on training.
Hovering AND talking
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I don't think there is any sales tax in the USA on flight training but even if there was, you couldn't reclaim it in this country.
Please read the previous 90-odd posts!
Cheers
Whirls
Please read the previous 90-odd posts!
Cheers
Whirls
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VAT on training courses
Hi,
I am planning to start a type rating in June, which is subject to VAT.
I am irish, and will be unemployed during the training. My qestion is this:
Is there any way for someone in my position to to be VAT exempt?
I've been to a financial advisor but they don't know.
Thanks
I am planning to start a type rating in June, which is subject to VAT.
I am irish, and will be unemployed during the training. My qestion is this:
Is there any way for someone in my position to to be VAT exempt?
I've been to a financial advisor but they don't know.
Thanks
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In which country is the training?
If in the UK, not a chance in hell of reclaiming VAT, not to mention that you won't be unemployed either, as you are not available for employment and are undergoing an training course of your own volition.
Not at all unfortunately.
If in the UK, not a chance in hell of reclaiming VAT, not to mention that you won't be unemployed either, as you are not available for employment and are undergoing an training course of your own volition.
Can the cost of professional training be offset against your income tax when you start working as a pilot?
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Interestingly enough I interviewed with an airline in Ireland and they wanted me to part with some of my hard earned for a type rating. They were of the opinion that an element of it was reclaimable. I never looked into it but when in doubt get some good tax advice.
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NetJets Cadets
Hi
I understand from OAT and NJE that the pre-employment job offer from NetJets does qualify for income tax relief on the repayment of the loan from GROSS salary rather than NET.
Cheers.
Phil.
I understand from OAT and NJE that the pre-employment job offer from NetJets does qualify for income tax relief on the repayment of the loan from GROSS salary rather than NET.
Cheers.
Phil.
Hovering AND talking
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I've been to a financial advisor but they don't know.
If you are doing the type rating in a country different to the one in which you will be employed, then no chance.
Cheers
Whirls
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I understand from OAT and NJE that the pre-employment job offer from NetJets does qualify for income tax relief on the repayment of the loan from GROSS salary rather than NET.
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Ok - the starting salary is €56,500.
€20,000 is paid directly to the bank by NJE.
€36,500 is paid to you through the usual PAYE scheme and taxed as usual.
Essentially the €20,000 is earned tax-free but goes direct to the bank.
€20,000 is paid directly to the bank by NJE.
€36,500 is paid to you through the usual PAYE scheme and taxed as usual.
Essentially the €20,000 is earned tax-free but goes direct to the bank.
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Indeed - it doesn't seem to be clear and it has been indicated that this 'loophole' (for want of a better word) may not last for ever.
Hovering AND talking
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No.
I would dress it up a little but this question does get asked quite frequently and there are many threads on the subject. Please have a run down the list of threads on his forum.
It is possible to get VAT back if you are self-employed after your training but, as far as I know, not income tax.
Cheers
Whirls
I would dress it up a little but this question does get asked quite frequently and there are many threads on the subject. Please have a run down the list of threads on his forum.
It is possible to get VAT back if you are self-employed after your training but, as far as I know, not income tax.
Cheers
Whirls
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I have this one bookmarked so here you go:
http://www.pprune.org/forums/showthread.php?t=198314
http://www.pprune.org/forums/showthread.php?t=198314
