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TaxRobin
TaxRobin, Tax Consultant
Category: Tax
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Experience:  International tax
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We have a limited company with 3 shareholders. We are about

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Hello. We have a limited company with 3 shareholders. We are about to rent a premises, but the landlord doesn’t want to have a tenancy agreement between himself and our company, but between himself and one of the shareholders. My question is that if we have agreement as he wants, would we be able to still lawfully write it down as a business expense and use it for tax deduction?
JA: Which tax year is the deduction for?
Customer: We are not trading yet, so it most probably will be 19/20
JA: Anything else you want the Accountant to know before I connect you?
Customer: No, that’s it

Hello and thank you for allowing me to assist you.

You can claim expenses for rent for business premises even of only one shareholder is the responsible person. As long as used for business then it is deductible

You are most welcome.
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Customer: replied 3 days ago.
Thank you very much for your answer!
Customer: replied 3 days ago.
Have a nice day