Also be wary of declaring an entire room to be business related (ie 1/10 of costs as one room is an office and 9 are not), HMRC could in theory insist that 1/10 of any eventual sale proceeds fall outside the Principal Private Residence exemption as they are not residential.
To avoid this only claim 95% of the cost of the room and ensure you have something non-business in there (eg a guitar or a bookcase with fiction books on it). You can then claim the full PPR on sale of the house.
Use of Home Allowances
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Re: Use of Home Allowances
by Kitty Kat on Wed Oct 13, 2010 11:35 am
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11 posts • Page 2 of 2 • 1, 2
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