UK tax relief after paying back a bond???
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Join Date: May 2000
Location: SW of BHX
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UK tax relief after paying back a bond???
Having repayed £10,000 back to a previous employer does anybody know how or if this could be set against personal taxation? any tips appreciated.
Join Date: Dec 2001
Location: Laanden innit
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I tried and tried to get tax relief on my bond, even put it down on my tax return as training expenses, but the people at the tax office said they knew all about airline bonds and that they dont Qualify for tax relief. Their reasoning going along the lines of " the company spent the money on your training and your just paying back a loan". Good luck and hope you succeed.
