Training/Tax Breaks?

globemaster1986

I was recently told that if I were to train via a modular route that once I get my CPL any further training is tax deductible. I was told that after CPL you are seen as a commercial pilot and any further training eg Instrument Rating is tax deductible. Can anybody advise if this is correct?

donkey balls

globemaster1986 wrote: »

I was recently told that if I were to train via a modular route that once I get my CPL any further training is tax deductible. I was told that after CPL you are seen as a commercial pilot and any further training eg Instrument Rating is tax deductible. Can anybody advise if this is correct?

not a hope in hell who told you that because if it was true there would be a few of us here looking for a rebate:D

globemaster1986

He was an instructor with PTC, he seemed pretty sure about it but i was a bit scooby-dubious about it hence why i asked..... It probably requires you to be self employed etc and you would probable haver to be earning before you could do it (if at all)? Where's an accountant when you need one?:D

donkey balls

globemaster1986 wrote: »

He was an instructor with PTC, he seemed pretty sure about it but i was a bit scooby-dubious about it hence why i asked..... It probably requires you to be self employed etc and you would probable haver to be earning before you could do it (if at all)? Where's an accountant when you need one?:D

well if he is an instructer did he claim himself? my mate is doing his TR with FR and is self employed BRK contract,he trained modular and was not allowed to claim tax back then again i would have my doubts on what ptc say.
im sure a few of the lads on here that have gone through the process will tell you that it is b*ll*x.

wittymoniker

(in)famous PTC marketing! training is VAT free, that's all.