I run my buisness from home, although im allowed to deduct 10% from my gas/elec and council tax payments as expences what about the mortgage payment? We currently pay £850 interest p/month, getting the business to pay 10% of this would be great. Can I?
I am sure that you cannot do that as it is a capital purchase for living in. And it would be tantamount to renting a business premise which may involve you in the setting of a business rate as well ( national non domestic rate ). You can only claim what costs are uniquely involved in running your business …. buying a home does not come into it.
can i get my buisness to pay 10% of my mortage interest payments? i work from home.?
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I am sure that you cannot do that as it is a capital purchase for living in. And it would be tantamount to renting a business premise which may involve you in the setting of a business rate as well ( national non domestic rate ). You can only claim what costs are uniquely involved in running your business …. buying a home does not come into it.
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I do not agree with the previous answerer. You have to include a proportion of all your household running costs in your business accounts, otherwise you are not showing your true profit. These deductions are also allowable for tax.
References :
ex Inspector of Taxes
Sure…
just go through this link
http://www.immediatepersonalloanuk.co.uk/apply-for-loan.html
You will get responce with in 2 hrs.
References :
http://www.google.co.uk/search?num=50&hl=en&rlz=1B3GGGL_enIN264IN264&q=immediate+loan&btnG=Search&meta=
The answer is yes you can.
Pay £30 to get the right advice from an account.
There a potential for the business to own a quarter of you house and it can get complicated.
Most people avoid it.
Building a timber framed or brick room in you garden might be an option.
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