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Use of Home - renovations

How much to claim for renovations

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My client, a singing teacher, works from home and uses 2 rooms:  one for eaching and a waiting room.  The house has 5 rooms.  The client is wanting to claim tax relief for renovations to the two rooms.  Should I allow the total or just two fifths?  As you can see she has left this a bit late in the year, given that I have never worked for her before.  PITA?

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RLI
By lionofludesch
15th Jan 2020 15:33

Ask her how she intends to deal with the CGT on the eventual sale of the house.

What work was done ?

Was it for business ?

Don't take on new clients who come to you in January. Tell them you can't possibly find the time until February - at the earliest.

If you take them on, they'll just think it'll be fine to come in January every year.

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Replying to lionofludesch:
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By SXGuy
16th Jan 2020 11:01

You just reminded me of someone who called me last week looking for an accountant. After I quoted a price based on the info the gave, they asked if they could pay in monthly installements. Fine I said, but how does that work with 3 weeks left to file? his reply? um..

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Hallerud at Easter
By DJKL
15th Jan 2020 15:37

What happens to these rooms when they are not being used as a waiting room and a teaching room?

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Red Leader
By Red Leader
15th Jan 2020 15:41

Are they capital expenses or revenue expenses?

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RLI
By lionofludesch
15th Jan 2020 18:05

I'd always be toey about claiming works on the private house.

They're rarely connected specifically to the business - though, if they are, that's fine by me.

Still, the OP seems to think that we can give some definitive reassurance without saying what these "renovations" actually entailed.

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Replying to lionofludesch:
Red Leader
By Red Leader
16th Jan 2020 11:57

Yes, I always feel my job in these circumstances is to gently explain that the, say £20k, they are spending will get little or no tax relief.

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Replying to Red Leader:
By SteveHa
16th Jan 2020 13:51

It may eventually get capital gains tax relief.

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