use of home as studio for pilates
My client has rented a 6 room house and has bought a reformer machine to use with clients at home.
The machine was purchased in Nov 2011. The business started Nov 11. The lease on the property started in Nov 11 and she claims that the 6th room is used soley for the business. However, the lease prohibits any business use of the property.
During this time she has only had a few clients to her house to use the equipment. The group classes she runs are held at a hired venue.
What should she claim for? The machine cost £8,000 and I have claimed AIA on this, with no personal use.
I was originally going to claim for 1/6 th of the rent etc but am wary now because of the clause in the lease prohibiting business use. The income generated to date is minimal.
HELP! Any guidance/thoughts would be great.
- Excel: MATCH does not match two apparently identical cells 766 7
- Shutting down a company with creditors 1,464 31
- Is this fraud? 298 5
- Saying goodbye 418 13
- Now Scotland has voted "No", when does England get to vote? 820 36
- Tax on private fuel for own car 195 5
- Is it possible to retrospectively change the tax year that dividends were paid. 356 16
- Sportman claiming for training kit 994 11
- Flat rate scheme 172 3
- Drop box Storage 196 3
- Private portion of costs and expenses in Accounts 274 13
- Any Scottish members out there? 11,191 413
- Has HMRC got powers to do this? 619 4
- Furnished lettings criteria 133 1
- Is there an expert in Excel out there? 416 5
- SAGE TRANSACTIONS DATA 138 2
- Pension Contributions Relief 366 11
- Recovering VAT on property purchase 121 1
- Tax on interest received from insurance company 204 2
- Unnecessary S9A Enquiries 306 1
- Raiders of the Lost Tax File 1,271
- Chartered Accountant in County Down N.Ireland 454
- National Insurance 352
- Non Resident 267
- Cass 5 FCA Client Money Software recomendation 261
- Franchise income and costs 240
- Hands on experience of Digita 197
- Employer's Helpline 145
- Best way to take money from a business if you have unlimited EIS allowances? 140
- employment capital allowances 137