Reply to: Can I register my limited company address as my UK home address?

[stek]

flat is rented for 6 months only. So I can claim tax for expenses of my flat ? currently it is registered on my accountants company but I am planning to change it on mine, if I can claim for a expenses like rent, electricty, water...etc

Err, no!

You can claim £4 a week for admin work etc at home.

[aeroeng]

Advantages are:
1. You can offset a proportion of household costs against business expenses. I have a dedicated office at home purely for business and my accountant does some calculations against tax including mortgage apportionment of some sort (yes, I should know, but I trust him and pay him to do this), broadband, phone, heating and maintenance.
2. You get to see all the official correspondence.

The disadvantages are:
1. You get to see all the official correspondence! (Instead of registering, say, your accountant's office whereby he gets hassled with it all).
2. If you have any angry customers they'll come knocking on your door.
3. If you ever sell the house, you need to de-register the business from this address.
4. You need to inform your mortgage company that you're running a business from the property.
5. You need to review your household insurance.




That's all I can think of off the top of my head. STYA.

flat is rented for 6 months only. So I can claim tax for expenses of my flat ? currently it is registered on my accountants company but I am planning to change it on mine, if I can claim for a expenses like rent, electricty, water...etc

[aeroeng]

I have it at my accountants 250 miles away.

There's the spam issue but also the fact that your address is in the public domain which I wasn't too happy about.

I am planning to keep the company open only for 6 months.

[password]

I wonder how long they've still got access to it themselves... :lol:

What do you mean? I don't understand that comment..

[PerfectStorm]

SJD accountants offer a service to register your company at their address

I wonder how long they've still got access to it themselves... :lol:

[l35kee]

Trying to recall what my accountant told me.
I think HMRC routinely allow something like £18/month for a home office. However, if it is actually your business premises (and recognised as such on your mortgage etc.) then a pro rata apportionment of total costs is allowable. This can be much more than £18/month.
Imagine the landlord who lives over the pub: the vast majority of heating expenses, for example, will be the pub and not the flat. Maybe 95% of heating expenses will be allowable.

Anyway, the standard advice is: speak to your accountant.

Yeah £4 a week you can take without having to prove the amount you actually work there. Also, you can do the pro rata of utilities, regardless of where your LTD business address is.

i.e. if your business address is not your home address, and you work from home 3 days a week and in those 3 days a particular room is used as your office 60% of the time, you can proportion out the bills.

If it's actually you business premisis, or for example a shed come office which is only for business use. You may have to pay capital gains tax if/when you sell your home i think?

[password]

Just a thought... There used to be an accountant that frequented these boards and who was used by a number of posters on here. Some of whom used his office as their company address.

IIRC what he did to some of them was file their company accounts and get them to pay HMRC. He'd then refile with zero corp tax owed and reclaim the money himself*.
Since all correspondence went to his office only they were none the wiser. Until it all blew up and he went to prison. Some of those he'd swindled were raked over the coals by HMRC for the correct money owed since as directors they were responsible for ensuring the correct tax was paid.

YMMV but I like to see a copy of any paperwork regarding MyCo.


*spaffed on house in Bahamas, Bentley, Box at Leeds FC etc.

Fxxk me. How does one protect against that? Separate the service/correspondence addresses from the account and you (company directory) bridge the documents over to accountant?

[Eirikur]

SJD accountants offer a service to register your company at their address

[Pondlife]

Just a thought... There used to be an accountant that frequented these boards and who was used by a number of posters on here. Some of whom used his office as their company address.

IIRC what he did to some of them was file their company accounts and get them to pay HMRC. He'd then refile with zero corp tax owed and reclaim the money himself*.
Since all correspondence went to his office only they were none the wiser. Until it all blew up and he went to prison. Some of those he'd swindled were raked over the coals by HMRC for the correct money owed since as directors they were responsible for ensuring the correct tax was paid.

YMMV but I like to see a copy of any paperwork regarding MyCo.


*spaffed on house in Bahamas, Bentley, Box at Leeds FC etc.

[password]

I am in a similar situation with similar question.

The lease for my rented flat forbids me from "running a business at my address" and that would include registering the company there. There are also concerns about your address being publicly available to identity thieves.

I also like the idea of not ever having anybody knocking on my front door about company business.

Rented service addresses are quite reasonable value and I don't see why you wouldn't go for one to be honest. Just be sure to due proper due diligence on the address provider.. look them up in companies house.

One outstanding question is what happens if the address services goes out of business or falls delinquent of their obligations to you and you miss some important documentation from HMRC or Companies House? Would any body care to answer or have experience with this?

[northernladuk]

Have a good read of the newbies guides to the right...

Be aware that anything you can think of at your stage has been asked endlessly so make use of the google search function. Type <keywords> site:contractoruk.com and you'll find plenty of stuff...

And speak to your accountant. You are paying for a service so use it and get all the info you need from him. You shouldn't be paying 100 quid a month but have to come to a free forum for questions like this.

Oh.. and don't forget you can google stuff as well.

[CoolCat]

The problem with registering the company at your home address, is that anyone will be able to see it on the companies house register, and any and all of your mad ex girlfriends may turn up without warning.

[mattfx]

Trying to recall what my accountant told me.
I think HMRC routinely allow something like £18/month for a home office. However, if it is actually your business premises (and recognised as such on your mortgage etc.) then a pro rata apportionment of total costs is allowable. This can be much more than £18/month.
Imagine the landlord who lives over the pub: the vast majority of heating expenses, for example, will be the pub and not the flat. Maybe 95% of heating expenses will be allowable.

Anyway, the standard advice is: speak to your accountant.

£4/week for home office expenses or £208 per annum taken as a lump sum is what my accountants told me.

OP I would have your address registered with your accountants. Most offer this service and it keeps your home address outside of the public domain. The additional point about having rented premises is also true, most landlords forbid you to use your home address as a ltd. company address.

[HugeWhale]

You don't need to have the ltd company address at home in order to claim expenses for a home office.. And doesn't having a "dedicated" office at home bring more tax implications such as when you attempt to sell the property, as opposed to a shared use room?

Trying to recall what my accountant told me.
I think HMRC routinely allow something like £18/month for a home office. However, if it is actually your business premises (and recognised as such on your mortgage etc.) then a pro rata apportionment of total costs is allowable. This can be much more than £18/month.
Imagine the landlord who lives over the pub: the vast majority of heating expenses, for example, will be the pub and not the flat. Maybe 95% of heating expenses will be allowable.

Anyway, the standard advice is: speak to your accountant.

[l35kee]

Advantages are:
1. You can offset a proportion of household costs against business expenses. I have a dedicated office at home purely for business and my accountant does some calculations against tax including mortgage apportionment of some sort (yes, I should know, but I trust him and pay him to do this), broadband, phone, heating and maintenance.

You don't need to have the ltd company address at home in order to claim expenses for a home office.. And doesn't having a "dedicated" office at home bring more tax implications such as when you attempt to sell the property, as opposed to a shared use room?