TAX DEDUCTIBLE GYM MEMBERSHIPS

@accountant_she

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Rachel Harris

Why it worked

The video provides valuable, actionable financial advice that is relevant to a specific audience (business owners/directors). The clear, concise explanation of a tax loophole makes it highly shareable and useful.

Summary

This video explains how limited companies can pay for gym memberships tax-efficiently. The creator outlines three key points: the company should pay directly, the cost is fully allowable with potential tax relief, and it's treated as a benefit in kind. The creator also offers their accounting services to those with questions.

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Transcript, structure and on-screen text

6 beats, a 200-word transcript and 2 lines of on-screen text — the parts you need to write your own version.

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Original caption

Your limited company can pay for your gym membership, done properly and HMRC have zero problem with it 👀 The company pays, gets corporation tax relief, and you pay a small amount of tax on the perk. It's one of my favourite team wellbeing perks, and it works for sole directors too. If you want an accountant that actually answers your questions, pop me a dm to become a client 🤍