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Where Taxpayers and Advisers Meet

Claiming off my self assessment

masher
Posts: 5
Joined: Sat Sep 21, 2013 11:14 pm

Claiming off my self assessment

Postby masher » Mon Sep 23, 2013 4:27 am

If i rent a room in a domestic property but use in solely for a office to run my business would i be able to deduct the £300 a month as
an expense?


( i would not be living there ) the landlord as agreed to allow me to use the room as an office so all fine there.


Please help me if you can...








Thanks.

pawncob
Posts: 4372
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex

Re: Claiming off my self assessment

Postby pawncob » Mon Sep 23, 2013 10:30 am

If it's used exclusively for business purposes, then Yes.
With a pinch of salt take what I say, but don't exceed your RDA

King_Maker
Posts: 6538
Joined: Wed Aug 06, 2008 3:22 pm

Re: Claiming off my self assessment

Postby King_Maker » Mon Sep 23, 2013 11:05 am

Yes.

But the landlord would not qualify for Rent A Room relief - just in case he/she thinks the £3600 pa.will be tax free.

masher
Posts: 5
Joined: Sat Sep 21, 2013 11:14 pm

Re: Claiming off my self assessment

Postby masher » Tue Sep 24, 2013 6:20 pm

Ok, i don't no what the landlord does regarding her tax affairs but i did mention to her i would be using the room to run my business from.. so i just wanted to check to see
whether or not i could deduct the 300 i pay her each month as a business expense even tho its a domestic property.


Sounds like i can!


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