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Renting two properties - Can I claim rent in full for one property?

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    #21
    Originally posted by NoviceContractor View Post
    I have taken two bedroom property because I was unable to find one bedroom property. moreover it is costing the same as one bedroom property as I have got a good deal from the landloard. Do I need to get the rental terms changed so that it reflects that I am allowed to use this property for business purpose ?
    OK - just keep some records to show that this is the case. I assume you are just living in the flat, and working somewhere else? No need to get the rental terms changed in my view.

    I see no tax benefit in paying for the flat, or associated costs, from the business bank account, but it may help with your administration. It will make no difference to tax deductibility in this case - either your trip to Edinburgh is business travel (so claim accommodation costs), or its not (in which case don't).

    If your family do decide to live with you, the accommodation costs can still be claimed, but you may face a P11D charge. Ask your accountant to work this one out for you.
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