A Corporate Housing PUBLICATION Things You Should Know About Corporate Housing | Page 6

Benefits of Corporate
Housing and Tax Issues
• While the concept of corporate housing has its benefits, it is natural to have
questions regarding your taxes. If your stay at the corporate house is due to a
fringe benefit by your employer, it is considered as a part of your income and is
subject to tax deduction. If you are staying there during the period of relocation,
you have to bear the tax.
• If you are traveling for the purpose of business and have to stay there as part of
your work regime, like if you are a project manager and are staying at premises
within the area to supervise company`s upcoming project, the staying cost is
excluded from your income and is nontaxable. People from civil service,
government, education, and construction companies can benefit from this
exception of a tax deduction.
• Another exception from tax deduction is that if you have to stay at the
corporate house for a long duration like a year or two then your house
allowance will be deducted from your salary and this cost of staying at the
corporate house will be included in business expenses and you don't have to
pay the tax. So, be sure to consider these tax related issues when opting for
corporate housing.