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Dear Sir,
I have a question, if a sole trader provides his/her employee a private accommodation or car or beneficial loan… are the cost deductible as trading expenses in arriving tax adjusted profits? and also for Companies..
Regards
You need to look at each individual cost to determine the tax relief available to an employer whether unincorporated or incorporated, for example if a car is provided to an employee then capital allowances will be available to the business along with deductibility for motor expenses.
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