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DIRECTORS USE OF HOME

DIRECTORS USE OF HOME

Many sole traders commonly claim a 'use of home' deduction in their accounts/ tax comp. What is the position where the sole trader incorporated? Can a round sum figure be claimed? Would this be different if the the sole trader had employees working in his home. e.g. continuously using a workshop for manufacturing and/or clerical staff employed in an 'office' room? Would a resonable estimate of the additional heat & light used and reimbursed to the director be acceptable without any income tax implications on the director?
CHRIS

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01st Mar 2004 11:00

Previous question
It may be worth looking at this previous Anyanswers question and comments: http://www.accountingweb.co.uk/cgi-bin/item.cgi?id=114246

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By Anonymous
02nd Mar 2004 08:20

THANKS
REBECCA, THANKS FOR THE POINTER THAT WAS A GREAT HELP -CHRIS

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