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
Replies (3)
Please login or register to join the discussion.
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