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Self Employed Locum GP Tax questions

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Comments

  • Jeremy535897
    Jeremy535897 Posts: 10,812 Forumite
    10,000 Posts Sixth Anniversary Photogenic Name Dropper
    neil5061 said:
    Ok thanks. Fair enough. The other question I had was the second contract will be another personal contract due to the extortionate buisness contracts. Will that be ok? 
    As a sole trader, I don't think that matters, at least on the question of tax deductibility, as that depends on the use to which the car is put. There may be other issues though.
  • Grumpy_chap
    Grumpy_chap Posts: 20,823 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    neil5061 said:
     The other question I had was the second contract will be another personal contract due to the extortionate buisness contracts. Will that be ok? 
    Do you mean the second phone contract?
    If you are referring to the car, whenever I have looked, business lease has always been advantageous to personal lease.  I have not looked for a number of years, so things may have changed.
  • neil5061
    neil5061 Posts: 28 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Grumpy_chap said:
    neil5061 said:
     The other question I had was the second contract will be another personal contract due to the extortionate buisness contracts. Will that be ok? 
    Do you mean the second phone contract?
    If you are referring to the car, whenever I have looked, business lease has always been advantageous to personal lease.  I have not looked for a number of years, so things may have changed.
    Yes was referring to a phone contract.  Want to buy a new iphone for work/tethering exclusively and keep my current number and contract for personal use. 
  • Jeremy535897
    Jeremy535897 Posts: 10,812 Forumite
    10,000 Posts Sixth Anniversary Photogenic Name Dropper
    It is the purpose to which it is put that matters.
  • Grumpy_chap
    Grumpy_chap Posts: 20,823 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    neil5061 said:
    Grumpy_chap said:
    neil5061 said:
     The other question I had was the second contract will be another personal contract due to the extortionate buisness contracts. Will that be ok? 
    Do you mean the second phone contract?
    If you are referring to the car, whenever I have looked, business lease has always been advantageous to personal lease.  I have not looked for a number of years, so things may have changed.
    Yes was referring to a phone contract.  Want to buy a new iphone for work/tethering exclusively and keep my current number and contract for personal use. 
    I do exactly that.
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