Golf subs are costing approx 3k per year and are currently being paid by the individual.
If the golf club share is in the name of the company, would the annual subs be a tax deductible expense for the company if the annual payment was to be made by the company?
& if this company was a sole trader, would the beneift of the subs be treated as BIK on the indivividual?
The individual in question uses his membership for a lot of corporate entertaining. Would it be more tax efficient to just claim back the corporate entertaining as a business expense from the company, and pay the subs himself.
tnx
valc
If the golf club share is in the name of the company, would the annual subs be a tax deductible expense for the company if the annual payment was to be made by the company?
& if this company was a sole trader, would the beneift of the subs be treated as BIK on the indivividual?
The individual in question uses his membership for a lot of corporate entertaining. Would it be more tax efficient to just claim back the corporate entertaining as a business expense from the company, and pay the subs himself.
tnx
valc