Using your home for business?

News: February 2013

Using your home for business?

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.

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