Allowable office expenses - working from home ....

Discussion in 'Accounts & Finance' started by Chloe Brown Summers, Jan 11, 2021.

  1. Chloe Brown Summers

    Chloe Brown Summers UKBF Contributor Free Member

    65 1
    I am a full time landlord have some BTL properties that are held in my own name and I do not have a limited company.

    Just wanted to clarify what office expenses I can claim against my BTL income tax?

    I do all my admin work from home, however, I want to keep it simple.

    Thanks
     
    Posted: Jan 11, 2021 By: Chloe Brown Summers Member since: Jul 18, 2018
    #1
  2. STDFR33

    STDFR33 UKBF Big Shot Free Member

    4,580 1,224
    Posted: Jan 11, 2021 By: STDFR33 Member since: Aug 7, 2016
    #2
  3. MyAccountantOnline

    MyAccountantOnline UKBF Legend Full Member

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    @Chloe Brown Summers this link to the HMRC website should help. It has a section which details what expenses you can claim with examples.
     
    Posted: Jan 11, 2021 By: MyAccountantOnline Member since: Sep 24, 2008
    #3
  4. UK Contractor Accountant

    UK Contractor Accountant UKBF Legend Full Member - Verified Business

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    Do you actually treat your income as self employed activity or income from property on your tax return each year.
     
    Posted: Jan 11, 2021 By: UK Contractor Accountant Member since: Sep 18, 2013
    #4
  5. Alan

    Alan UKBF Legend Full Member - Verified Business

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    Is that even an option? I thought property income can't be treated as a self employed business due to different tax treatments.
     
    Posted: Jan 11, 2021 By: Alan Member since: Aug 16, 2011
    #5
  6. JEREMY HAWKE

    JEREMY HAWKE UKBF Legend Full Member

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    If your buying things that you would not buy if you were not in business then claim for it .
     
    Posted: Jan 12, 2021 By: JEREMY HAWKE Member since: Mar 4, 2008
    #6
  7. STDFR33

    STDFR33 UKBF Big Shot Free Member

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    Huh?
     
    Posted: Jan 12, 2021 By: STDFR33 Member since: Aug 7, 2016
    #7
  8. MyAccountantOnline

    MyAccountantOnline UKBF Legend Full Member

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    I do get what you are saying but people buy things because they are in business which aren't eligible for tax relief.

    Think 'wholly and exclusively for business purposes' rather than buying them because you are in business.
     
    Posted: Jan 12, 2021 By: MyAccountantOnline Member since: Sep 24, 2008
    #8
  9. Chloe Brown Summers

    Chloe Brown Summers UKBF Contributor Free Member

    65 1
    Hi, it is just treated as income from property.
    My husband also co owns the properties - can we both claim £6 or so per week?
    Thanks
     
    Posted: Jan 12, 2021 By: Chloe Brown Summers Member since: Jul 18, 2018
    #9
  10. STDFR33

    STDFR33 UKBF Big Shot Free Member

    4,580 1,224
    Do you do 101 hours or more each, every month?
     
    Posted: Jan 12, 2021 By: STDFR33 Member since: Aug 7, 2016
    #10
  11. UK Contractor Accountant

    UK Contractor Accountant UKBF Legend Full Member - Verified Business

    5,180 928
    Never claimed on any of my clients tax returns working from home allowance on rental property accounts.

    The £6 per week allowance for home working is for employees. The simplified allowance for home costs is for self employed activity.

    Rental businesses are not trades unless you provide other services such as laundry, breakfast/dinner, cleaning etc.
     
    Last edited: Jan 12, 2021
    Posted: Jan 12, 2021 By: UK Contractor Accountant Member since: Sep 18, 2013
    #11