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Recent content by Scarface
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Rental Agreement between company and director
Not necessarily. I'm probably going to leave it considering I do not own the property and it is going to just cause a sh*t ton of problems. It seems if I owned the property though it could be possible. But I am digging because most posters have shot the idea down and a lot of stuff I've read...- Scarface
- Post #19
- Forum: Accounting / Legal
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Rental Agreement between company and director
Thanks mate for this response. This has been pretty useful Whoops. This was a typo. Meant to say I emailed my accountant. Have corrected typo in initial post The kitchen is used for work 25% of the time and the home office is used 90% of the time for work. I agree that out of pocket...- Scarface
- Post #18
- Forum: Accounting / Legal
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Rental Agreement between company and director
Thats the thing though. I have been working primarily from home since February last year with infrequent visits to the the client office. My low expenses in the Accommodation and Travel category in my accounts would reflect this should HMRC investigate. In respect of the breakdown, as I've...- Scarface
- Post #16
- Forum: Accounting / Legal
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Rental Agreement between company and director
Thanks for sending that article. My takeaway from example 2 in that article is that if a room is used exclusively for business, tax relief on it can be legitimately claimed. So for example, if there is four rooms (excluding bathroom and halls) and they are of equal size, and one of them is the...- Scarface
- Post #12
- Forum: Accounting / Legal
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Rental Agreement between company and director
I've never said I was planning on claiming £7,500. Appreciate the whiny response though :laugh- Scarface
- Post #10
- Forum: Accounting / Legal
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Rental Agreement between company and director
Currently its registered in the Accountant's office. The Tenancy Agreement currently prohibits businesses to be registered at the property. However I assume that's a standard clause in the contract to protect them from a business opening which gets a lot of customers in the house causing a lot...- Scarface
- Post #6
- Forum: Accounting / Legal
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Rental Agreement between company and director
Thanks for you response. From my research I have seen some advocate (1) basing costs on floor usage only (which is where I took my calculations from) and (2) other where its floor usage * days used and (3) floor usage * time usage (like you're suggesting). Unfortunately I haven't seen anything...- Scarface
- Post #5
- Forum: Accounting / Legal
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Rental Agreement between company and director
Hello all, I've searched the forum but I can't really find a definitive answer on Rental Agreements between contractors/personal service companies and the employees inside them. I have emailed my accountant and he's come back with a discouraging response. I'd welcome anyone's opinion before I...- Scarface
- Thread
- Replies: 20
- Forum: Accounting / Legal
