Use of home by company
February 4th, 2009
If you own your own company and work from home then you should be able to make a claim for home working for Corporation tax purposes but you must ensure that you as an individual have a formal agreement with the company allowing you to work at home. In this case you should be able to pay £3 per week without incurring an income tax liability. Alternatively the company can agree to rent part of the house for business purposes at a rent not exceeding market value; this will be free of NI in the hands of the recipient.
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.
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