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Use of own premises by company

December 22nd, 2008

If you own your own company and work from home consider putting a rental agreement in place between you and your company to enable the company to rent part of your home as office space thereby reducing your profits assessable to corporation tax. Note that this rent will be assessable on you personally for income tax purposes so it may not be advisable in every case.

The content of this article is for general information only. It should not be relied on and action which could affect your business or personal circumstances should not be taken without appropriate professional advice.