Jobs & Education3 mins ago
Is a rented office tax deductible
3 Answers
I started my own first aid training company, as a sole trader, just over a year ago. I am still very part time doing the training and also work part time as an employee.
I really want to grow the business and feel that an office, with space to do training, would be a real asset and help create a more professional image.
Would the cost of the office space, including rent and utilities, be an allowable expense?
Thanks for any help.
I really want to grow the business and feel that an office, with space to do training, would be a real asset and help create a more professional image.
Would the cost of the office space, including rent and utilities, be an allowable expense?
Thanks for any help.
Answers
From HMRC's table of allowable expenses:
" Rent for business premises, business and water rates, light, heat, power,
property insurance, security; use of home as office ( business
proportion only)."
http:// www. hmrc. gov. u... eets/ sa103f- notes. pdf
( See page SEFN8)
Chris
"
(
19:28 Tue 24th May 2011
From HMRC's table of allowable expenses:
"Rent for business premises, business and water rates, light, heat, power,
property insurance, security; use of home as office (business
proportion only)."
http://www.hmrc.gov.u...eets/sa103f-notes.pdf
(See page SEFN8)
Chris
"Rent for business premises, business and water rates, light, heat, power,
property insurance, security; use of home as office (business
proportion only)."
http://www.hmrc.gov.u...eets/sa103f-notes.pdf
(See page SEFN8)
Chris
-- answer removed --
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