LTD ( Running partially from home )

[Maz]

Hello good looking people
I have an retail store ( LTD ) and use part of me house for day to day paperwork etc...
how do I go about my council tax ? As I was paying up to this moment but I have just found out that I can get small business relief ?
How it will effect my sale of house ?
I may achieve £100k on sale but I have spent £60k on it

thanks

 

[Scalloway]

If it is just admin you do I would say nothing. You could open a can of worms if you speak to the council. Does your home insurance company know?

 

[Maz]

No, I’m about to renew my insurance
It’s just admin work
Why would council be pissed off when it’s legit ?

 

[Adam93]

If you're talking a residential property, the council are not going to give you relief under the small business regime.

 

[MyAccountantOnline]

Hello good looking people
I have an retail store ( LTD ) and use part of me house for day to day paperwork etc...
how do I go about my council tax ? As I was paying up to this moment but I have just found out that I can get small business relief ?
How it will effect my sale of house ?
I may achieve £100k on sale but I have spent £60k on it

thanks

Small business rate relief is only given to businesses who pay Business Rates (not Council tax)

When you run a business from home you don't generally pay Business Rates if you just use part of your house some of the time for admin purposes.

 

[MyAccountantOnline]

No, I’m about to renew my insurance
It’s just admin work
Why would council be pissed off when it’s legit ?

Not 'pissed off' at all they'd probably like to collect Business Rates from you if they can

 

[Mr D]

Doing admin in your house, no one is going to care.
Telling the council you use a part of your house for business use and can you have some relief on business rates opens a can of worms.

 

[Scalloway]

It’s just admin work
Why would council be pissed off when it’s legit ?

They could ask you to apply for planning permission , then make you pay business charges for rubbish collection.

Also if you own the house you would be liable for capital gains tax.