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What are my tax-free benefits and expenses as a director/shareholder?

Question:

What is my property company allowed to spend on expenses for me as a director/shareholder, in terms of entertainment or other benefits that the company can provide me? 

Arthur Weller replies:  

Please see Chapter 5 of the HMRC booklet 480 (‘Non-taxable payments and benefits - a tax guide’), where you can see a list of non-taxable payments and benefits. 

 

What is my property company allowed to spend on expenses for me as a director/shareholder, in terms of entertainment or other benefits that the company can provide me? 

Arthur Weller replies:  

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This question was first printed in Business Tax Insider in July 2021.