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SBCA Chartered Accountants

SBCA Chartered Accountants

Chartered Accountants in Preston

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Using your Home for Business?

15th March 2013 by Chris Bond

We always try to get you the best deal on this, by claiming the maximum possible for the extra costs of using your home as the base of your business but at the same time ensuring no adverse effect on the immensely valuable capital gains tax exemption when you sell your private residence and hopefully make a useful profit.

Another option is possible from April 2013, which is irrespective of your annual turnover, and that involves making a claim for flat rate expenses. A formula is used each month, which is linked to the number of hours you (or your employees if you have any) spend at your home on business.

As with any new tax opportunity we will look at it carefully to see if it benefits you.

Category iconBusiness Tax,  Personal Tax,  Self Assessment,  Tax Planning

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This firm is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are members of the Institute of Chartered Accountants in England and Wales. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.

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