Can I claim rent as expenses? and not the measly 'home working expenses' of 156?

[Danielsjdaccountancy]

I am in the same boat as you.

Do you claim all your bills(rent, council tax, electricity, gas, landline, broadband) from your limited company or a proportion of it, how do you calculate the proportion?
Have you taken your rent agreement and other bills(council, gas, electricity, landline, broadband, etc...) on your company name or is it on your name?
Do you also claim your daily grossory bills from your limited company?

Thanks

I think your biggest problem is that you don't own the property in London therefore it can't be deemed your principle place of residence (PPR).
Continuing to rent the property in London is purely for your personal benefit.
HMRC would likely switch your PPR to Edinburgh meaning you can't claim the rented accommodation through your Limited company.
If you owned the property in London and your family lived there, then it wouldn't be a problem.

Again feel free to call HMRC to discuss this.

[Sockpuppet]

Do you also claim your daily grossory bills from your limited company?

Because you don't need to eat if not on contract? You can claim meals if your in a hotel as you can't cook easily.

If your renting a house then claiming for grocery as some kind of business expense is laughable.

[JamJarST]

Because you don't need to eat if not on contract? You can claim meals if your in a hotel as you can't cook easily.

If your renting a house then claiming for grocery as some kind of business expense is laughable.

Especially when you consider he has his family living with him too

[NoviceContractor]

I think your biggest problem is that you don't own the property in London therefore it can't be deemed your principle place of residence (PPR).
Continuing to rent the property in London is purely for your personal benefit.
HMRC would likely switch your PPR to Edinburgh meaning you can't claim the rented accommodation through your Limited company.
If you owned the property in London and your family lived there, then it wouldn't be a problem.

Again feel free to call HMRC to discuss this.

Can we call HMRC to discuss ? How to do that ? Do they provide guidance as well ?

[Danielsjdaccountancy]

Can we call HMRC to discuss ? How to do that ? Do they provide guidance as well ?

HMRC Contact us

Contact your local tax office using the above link and ask for general advice.

[northernladuk]

Can we call HMRC to discuss ? How to do that ? Do they provide guidance as well ?

Well thats my first coffee on screen moment today

[Jeystone]

Well thats my first coffee on screen moment today

ditto....yeah I think I'll pass

[northernladuk]

ditto....yeah I think I'll pass

What do you mean pass? You wanna stick close to this young grasshopper. Makes even you look good.

[Greg@CapitalCity]

Since I am a freelancer and work from home 70% of the time, can I not claim more than £156 home working expenses per year? Surely my rent should be considered a company expense..

Yes, you can claim more than this, and you can claim for rent, but the process becomes more time consuming for this. Firstly, set-up a license agreement between yourself (as the rental property occupier) and your business. The license agreement allows your business to use some space in your home, for business purposes - very similar to the license agreements when you go into serviced office space. To keep things simple I would suggest you price the agreement to match your actual costs - the calculation Clare provided previously does this. Claim the expense through your business once a month or once a quarter. Then when you come to complete your personal tax return, as you are effectively a landlord, the income your receive needs to be declared on your personal tax returns, offset by the expenses you have incurred. The net effect will be no additional personal tax.

So you see, it takes a bit more work, but it can be done.