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Can a company pay for school and university fees?

By Iain Rankin, July 2020

Iain Rankin looks at ways for company owners to pay education fees via the business to maximise tax efficiency.

Although sole trader (or partnership) businesses would be using after-tax income to cover their own tuition fees, there are strategies which can mutually benefit the owner(s) and any employees whose fees they choose to subsidise.  

Moreover, for an owner-managed business operating as a limited company, there are situations where covering education fees for staff (including directors or employed family members) can offer significant tax savings. 

With modern technology fast reshaping the business world, business owners must further ensure that key employees are remunerated tax efficiently.  

What’s the cost? 

Education is one of the most expensive (albeit valuable) purchases we are

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