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Post Info TOPIC: Insurance policies
Georgie


Guru

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Posts: 700
Date:
Insurance policies
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Hi,

I have a client (sole trader) who has 2 joint policies with his partner and I am not sure if 50% of them are allowable for my client? Its just the client seems to think so.

1. Insurance to cover the mortgage (if anything happens)

2. Critical illness cover - which pays out a lump sum

 

Georgie

 



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Leger


Master Book-keeper

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Posts: 3904
Date:
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Clients hey Georgie

No and no, they don't pass the wholly and inclusive test for business use only.  Both are personal insurance policies that have nothing to do with the business.



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
Georgie


Guru

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Posts: 700
Date:
Permalink Closed

Ah thanks for the clarification John.

Georgie

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