Browse All Tribes or choose a Tribe below:
By signing up I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Sign Up With Facebook, Twitter, or Google
By signing up, I agree to Property Tribes Terms and Conditions
Already a PT member? Log In
Don't have an account? Sign Up
To reset your password just enter the email address you registered with and we'll send you a link to access a new password.
Can someone please confirm the amount you can claim as use of home as office.
I have not bothered claiming this before as also the mileage relief so am looking to make sure i am claiming everything i am entitled to.
I read there is a flat rate allowed of £4 a week not sure if this is an old rate or not?
for clarity... do you mean when you are operating a limited company?
best talk to your accountant to do it properly but yes not doing these is a significant oversight. My vehicle logs (car and van related to quite a few HMOs and SAs) tot up to a lot of thousands of miles each year; and the spreadsheet for the home office using a substantial part of one room is significant too NB that room needs fractional use of other parts and functions of house eg heating, broadband, WC)
Not as a company as an individual.
I normally claim £10 a week for using my home as office. Been doing so for years. My accountant normally makes other allowance in my end of year accounts to, so I think the overall figure is sometimes higher
Hi Ncooper, is the minimum rate now £10 a week ? i cant seem to find this anywhere ?
Historically, I used to claim a % of the heating, lighting, water etc costs (but not mortgage costs) of my PPR all under the bracket of 'home as office'
I then changed accountants who advised that £10 a week should be justifiable. I don't know where this figure comes from, but I have been claiming it for the last 8 or 9 years, although I have yet to be audited by HMRC so don't actually know for certain if this value is a recognised amount
You are screwing yourself !
The best article I read on this was from the Property Tax Portal Home Office Use. ( Arthur Weller & Amer Siddiq
It was from a quarterly subscription to their Property Tax Insider - You could ask them for a copy, - they might give you the article complimentary in the hope you'll subscribe ?
Do you remember any specifics about the artical?
Was the article fact based or opinion?
From what i gather there is a set basic rate by HMRC of £4 a week obviously if you are running a larger operation and using more office space at home you could probably claim a % of household bills etc, this i guess would be best calculated by an accountant.
I would be interested in knowing what is the current basic set rate you can claim is it still £4 a week ?
After a bit more digging on this it seems you can claim £4 a week even if you have no dedicated "home office" but actually do work at home. For example sitting on your sofa with a laptop a couple of hours a week. Claiming £4 a week as an expense should be ok.
If you have a dedicated office space such as a spare room in your house kitted out with desk/computer/filing etc then you can claim a % of household bills which could be considerably more.
I will be claiming £4 a week in future as have never bothered before - every penny counts these days !
Would be nice if any accountants could comment on whether this is correct.