Hello everyone, for director clients who want to claim more than the approved uoh what does everyone else do, i.e. do you recommend to client a license agreement and if so do you give the client a pro forma?
Then in the future tax returns once they set up the license they would have to declare this income on the satr and set off against the bills i.e. telephone etc?
Any thoughts appreciated thanks
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Yes
That's exactly what I do ... simple template document for each company which the director signs and returns to me, and then I just enter the Home Office rental deduction as per the company's financial accounts in the property pages of the home owner's SATR as rental income, with an identical amount for rental expenditure ... simple, effective, no obvious tax assessment knock-on effects.