Working from home - Ltd

[stphnstevey]

Hi

I am a Director of Ltd Company and work from a home office.

My Company pays rent to myself as Landlord for office, storage and parking space at my home. As a landlord, I personally offset the rental income against rental costs (mortgage interest, bills, insurance etc) to leave vertially no profit to be taxed personally.

As well as this can
a) my company contribute £2 a week to additional household costs incurred by me as an employee for working at home?

b) as an employee claim for any additional household costs incurred by me as an employee for working at home, not met by (a) above against my PAYE?

[RAL]

Isn't this would be double claiming?

You are charging a rent to your company for the space and storage etc.

You offset your household bill against your rental income. So :|

[David Griffiths]

But you aren't working at home, surely? You are working in space rented by the company. I'm with RAL on this one.

[Alpha]

I'm with the other two (No is too short for posting no matter how big I make it:D)

[stphnstevey]

Good points and fair enough - worth claiming anything you can, wouldn't you agree?

[RAL]

Good points and fair enough - worth claiming anything you can, wouldn't you agree?

Agree but within rules and reason.

But if you claim something which you shouldn't have, then you may end up paying upto 100% of loss tax as a penalty?

[elainec100@cheapaccounting]

Good points and fair enough - worth claiming anything you can, wouldn't you agree?

yes where you are entitled to do so - otherwise it is tax evasion

[elainec100@cheapaccounting]

No is too short for posting no matter how big I make it:D

what ARE you talking about :|:p

[RAL]

what ARE you talking about :|:p

When you reply I think you have to type at least 10 characters:p otherwise it will not let you post the message.

[RAL]

yes where you are entitled to do so - otherwise it is tax evasion

And tax evasion is illegal:mad::eek: