What Expenses Can I Claim Through A Limited Company? Membership Fees

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Can you claim your golf or gym membership expenses through your Limited Company? Quite often a monthly subscription fee is payable and if you feel you are using these places for business purposes and want to know whether you can obtain corporation tax relief then look no further!
This is a question that gets asked all the time. HMRC rules state that any membership claimed through your limited company has to be 'wholly and exclusively' for the purpose of the business. So if you're using your memberships for personal use as well as occasionally for prospecting existing and potential clients, the chances are that you may struggle to claim corporation tax relief on these memberships. It's worth reading through HMRC's guidance on what expenses you can claim through your limited company and we will be sure to create new content in the future about what is and isn't claimable to get corporation tax relief.

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We often get 'quick tax questions' and scenarios. In this video I address gym and/or golf membership fees through your Limited Company. Is it allowable for corporation tax relief? Let me know your thoughts in the comments below and whether you've been faced with this scenario?

tonydCFO
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hello im just wondering if I buy crypto through a limited company and the reinvest the profits I make back into crypto or stocks ect will I still have to pay corporation tax thanks.

mqaum
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Thank you for the insightful video. Do you happen to know if I can claim my passport application as an expense in limited company?

apsa