I rent a 2 bed flat with my girlfriend. The total rent is £1581. My girlfriend pays £650 and I pay £931 rent. The second bedroom I use exclusively as a home office. We agreed the rent split partly on the basis that I would be the only one using the office.
On what basis should I calculate the expense of my office?
The proportionate share of my rent - 1/3 of £931 = £310
The proportionate share of the total rent (the "real" value of the office) - 1/3 of £1581 = £527
The difference between mine and my girlfriend's rent (kind of arbitrary) - £281
Replies (3)
Please login or register to join the discussion.
What advice has your accountant given you ?
A good question. But first, some questions.
It appears you have bedroom 1 plus bedroom 2 plus some other room (no. 3).
Is there a kitchen and living room as well. I am struggling to see where the 1/3 proportion comes from.
And in whose name(s) is the tenancy agreement in.
And further, if you are "an IT contractor with a ltd company"
https://www.accountingweb.co.uk/any-answers/filing-out-of-pocket-expense...
why are you posting on "... the largest independent online community for accounting and finance professionals in the UK"
https://www.accountingweb.co.uk/about-accountingweb?
And why does "an IT contractor with a ltd company" think that his work should be paid for but accountants should give him valuable professional advice for free?