My Income & Savings for 2022/23 for Income tax computation

Employment Income & Benefits

• Annual Salary 46,000 (employed for full year) with 6,686 PAYE deducted during the year. No bonus for 2022/23.

• Company car Skoda Octavia available all tax year list price 28,500 (the company got a discount so only paid 26,000), registered on 6.4.21, petrol, CO2 emissions 128g/km. Fuel provided for both business and private mileage.

• Free use of employer canteen on-site.

• Free work mobile phone provided (for work calls only).

• Use of employer equipment I borrowed some sports equipment from work for my son and a colleague mentioned this might be taxable, so I have included the details here: gym equipment borrowed for one month in January 2023. The equipment was worth 16,000 in total.

• Private Medical Insurance worth 950 this cost my employer 350.

I also paid a subscription of 475 to my local sports club. My employer has not reimbursed me for this, but I have included it in case I can claim it for tax purposes as I often meet clients there.

Rental Income

• Gross rent on Cherry Tree cottage 1,350 per month rented out to tenants from 1^st August 2022 with rent payable on 6^th of each month.

• Rental expenses (I think all of these can be claimed but please advise):

Mortgage interest (paid in period 1^st August 22 to 31^st March 23) - 4,200

Water rates (paid in period 1^st August 22 to 31^st March 23) - 320

Redecorating 2,000 (repainting and wallpapering bedrooms)

Major renovations to roof of property before renting property out 8,200.

Question 1: I also paid a subscription of 475 to my local sports club. My employer has not reimbursed me for this, but I have included it in case I can claim it for tax purposes as I often meet clients there? Can i add the local sports club subscription in the taxable employment benefit for MR M Mount 2022/2023 or can it considered exempt?

Question 2: Can i add the use of employer equipment in the income tax computation for Mr. M Mount 2022/2023?