40% Expense Rule: UPDATE

by jamieford at 11:53 22/01/14 (Ask-Legal-Accounting)

In response to Bob's/Barry's very helpful response at.......

http://www.shout99.com/contractors/showarticle.pl?id=78585 Boiling it down, if my shorterm contract ends up exceeding the 24m rule, I understand that I cannot claim once I know/expect this to happen. However, I have been contracting for years and so even though I have been at my current client for 24m, can I still claim expenses as when taking into account all my contracts since I started contracting, my current client amounts to less than 40% of the time I have been contracting since I started out as a contractor? Jamie -- jamieford Tweet

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