Limited company renting my home office

[d000hg]

There is a small amount that you can charge your company for use of home which won't attract any unwanted attention, but this always used to be no more than £2 per week.

This is what I was referring to, but as mentioned I was advised to use a formula to calculate it and it comes up at £100/month where I live right now.
Some contractors try to claim 'home office' money and so on even though they don't work from home, purely on the basis "I'm a business", and this is surely on dodgy ground.

[MPwannadecentincome]

Belle

There are five potential ways of being extracting money out of your company for the fact that you work from home.

Each option may be useful for a different circumstance.

In the case of renting your home to yourself the answer, covered in this link with the other 4 options, is yes you can, but are you sure you really want to ? The disadvantages may well outweigh the advantages !

With any tax planning like this there are normally at least two perspectives a) personal taxation and B) company taxation - It is the interaction of these two perspectives that makes for good tax planning.

Phil

Oh wow thanks - that was the best advice I have seen on this topic - wish I had seen it 12 months ago when my wife had a garden log cabin built - would have persuaded me to go ltd co straight away too as I'm under brolly. Never mind option3 looks as though it might work for the future for me.