home as office

home as office

Didn't find your answer?

I now work from home as I no longer have an office and I have converted my conservatory into my office. To allow me to use it I have had to install roof blinds, telephone points and electrical sockets. My conservatory is now only full of clients files, computers etc. What if anything can I claim.

Thanks in anticipation of an answer.
Joanne Newport

Replies (7)

Please login or register to join the discussion.

avatar
By Annetax
12th Nov 2008 17:35

CGT issues
Under new CGT rules tax will not be at 10% unless the disposal is part of a disposal of the whole business (also property on which rent has been charged counts as an investment - not a business asset). Besides, why pay tax at all if a little early planning can prevent it. No point in being greedy with the expenses!

Thanks (0)
avatar
By Dave Paveley
12th Nov 2008 15:08

CGT only if..

..the conservatory is used exclusively for business purposes.

Highly unlikely in most cases.

Thanks (0)
avatar
By Annetax
12th Nov 2008 14:02

Use of home costs
Be careful what household costs you do claim as an expense - you could end up with a capital gains charge on the sale of your house!

Thanks (0)
DougScott
By Dougscott
12th Nov 2008 11:53

Capital allowance
The company can claim capital allowances on the capital items such as blinds, shelving, etc. provided it paid for them.

The usual method of dealing with the cost of the office is for the house owner to charge the company rent of say £200 per month and then the house owner to return rent accounts in their personal tax return showing the rent income and deducting an appropriate proportion of the total house costs (mortgage interest, council tax, rates, insurance, repairs & maintenance, cleaning, light & heat, etc.)

Thanks (0)
avatar
By jo.guest
12th Nov 2008 10:49

Info
Thanks for comments but in anwer to question on whether I am employed it is my company and employed as director etc. The conservatory is the only space I have to turn into an office which is 100% pure business use. Without the blinds I could not see the computer screens.

Thanks (0)
avatar
By Dave Paveley
12th Nov 2008 09:49

Linky

Here

Thanks (0)
avatar
By damflynn
12th Nov 2008 08:36

Check with other people in a similar situation
Joanne,

Not sure if you are still employed or self employed.

I work for a public sector organisation, the company pays
for a telework phone line, my broadband, office furniture, my computer and any fstorage cabinets etc. I currently work three days a week at home.

Make sure you inform the insurance company you have your house
insured with and also let your mortgage provider know that you are
using part of your house as an office.If you are still employed you
may have to inform the company safety officer, who in turn may need to inspect your office to ensure it complies with the Health and Safety act

Not sure if you can claim for the installation of roller blinds as it is
your choice where you located your office.Good luck with that one.

Thanks (0)