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Relocation policy clarification
biscuit333
Posts: 8 Forumite
Hi all,
I have now been in my job for two years and I have been offered a promotion to a role which will require me to relocate again. Work has offered me a 3k relocation package to help with this but the relocation policy is not very clear about what is considered a permissible expense. They just say the " Financial assistance would be limited to the costs/items permitted by HMRC". Needless to say the HMRC policy I can find is a bit ambiguous and is extensive in length
I'm currently in rented accommodation and plan to move into another rented property. Of course I will use the majority of the package for removals and some towards agents fees but what else would be a permissible expense? I know a housing deposit/bond unfortunately wouldn't!
This month I'll likely be paying for two properties due to the notice period and first months rent, would covering one of these be acceptable?
Thanks for any help you can give!
I have now been in my job for two years and I have been offered a promotion to a role which will require me to relocate again. Work has offered me a 3k relocation package to help with this but the relocation policy is not very clear about what is considered a permissible expense. They just say the " Financial assistance would be limited to the costs/items permitted by HMRC". Needless to say the HMRC policy I can find is a bit ambiguous and is extensive in length
I'm currently in rented accommodation and plan to move into another rented property. Of course I will use the majority of the package for removals and some towards agents fees but what else would be a permissible expense? I know a housing deposit/bond unfortunately wouldn't!
This month I'll likely be paying for two properties due to the notice period and first months rent, would covering one of these be acceptable?
Thanks for any help you can give!
0
Comments
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Is that quote from their written policy? If so then the sensible solution would be to ask someone in HR/Payroll what expenses would be accepted and what rejected. You might want to get in writing from them in case any questions arise after you make the claim.0
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HMRC policies are very clear what can and cannot have tax relief.
If you own a house £3k will be easy to cover by allowable expences.0 -
getmore4less wrote: »If you own a house £3k will be easy to cover by allowable expences.
Not relevant in this instance.biscuit333 wrote: »I'm currently in rented accommodation and plan to move into another rented property.0 -
Should read post more carefully.
Still not hard to get to 3k.
fairly good summary here(think it is current)
http://www.hmrc.gov.uk/manuals/eimanual/EIM03108.htm0
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