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Premises Costs

Hi,

Can someone point me in the direction of the HMRC guidelines on what is allowable for a single director/shareholder company to offset in relation to premises costs when he uses a room in his personal home for work purposes?

Thanks

Matt

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01st Mar 2010 15:54

strictly...

as an employee, £3 per week can be claimed, unless more can be justified: -

http://www.hmrc.gov.uk/incometax/relief-household.htm

but, if the director charges rent to his company, he is put in the position of a self-employed person as far as his income from property is concerned. He can, in these circumstances, claim for use of home as a self-employed person the detailed guidance for which is shown here; -

http://www.hmrc.gov.uk/manuals/bimmanual/BIM47800.htm

 

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01st Mar 2010 17:24

Thanks Stephen.

How about the scenario if its an architect or a surveyor who is working through a Ltd Company that is registered  at his personal premises and who uses one or two rooms of his home solely for business purposes. Would it still be at the rate of £3 per week or is this where you would try and justify more expense?

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By Anonymous
01st Mar 2010 20:48

Rent

It's where the director charges rent to his company.

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