Tax dodge of the week: get on your bike
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If you work in a city, particularly London, riding a bike could save you a fortune, says Andrew Gilligan in the Evening Standard. A “little-known concession” lets taxpayers claim a 20p-a-mile allowance for using their bike for work. Commuter journeys to the same place every day don’t count, but if you use your bike for any other reason (eg, to visit a client), or travel to work in more than one place, you can claim. If you don’t have a tax return form to declare your cycling, write to your tax office at the end of the tax year stating the number of business miles cycled and that you are claiming ‘mileage allowance relief’.
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