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  • Tax

    Use of home as office?

    I've read quite a lot of Property Tax Portals material and pay substantial Annual subscription. The Home office article gives Full detail. Is 4 pages.

    HMRC's weekly rate is derisory and you can claim a % of your Council Tax, Eater rates, Utility bills etc

    you should be claiming 000's. !

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    im sure theres guidance on hmrc website.  I recall the % is based on number of rooms in dwelling.

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    Coming soon Investorsk8.com

    Wisdom - an integration of knowledge, experience, and deep understanding that incorporates tolerance for the uncertainties of life as well as its ups and downs. 

    So no accountants prepared to comment on a HMRC accepted principal? Should this not be immediate


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    Definitely check with your accountant. We asked ours about claiming for home office and I can't remember now any we are advised against it I think it might have something to do with creating capital gains on you PPR.

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    Only creates a capital gain if your home office has exclusive business use.

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    Debbie Franklin

    Director of Tax Peplows Limited

    CTA ACA FCCA

    See here https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim2100 and https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim47820 and https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim75010

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    Debbie Franklin

    Director of Tax Peplows Limited

    CTA ACA FCCA