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Sapphire Window Cleaning

  • Posts: 2942
Re: Use of home as office
« Reply #20 on: March 01, 2010, 09:24:17 pm »
it was on here a few weeks ago, when all the tax return questions where being asked,

personally i never claim for house bills,   i claim for fuel, resin, water and van and equipment,  business mobile (not house)


one thing i do know is if you get pulled by the tax man, he checks you for 5 years afterwards


The taxman can go back 7 years but we can only go back 3.
Reaching parts traditional window cleaners can not reach.

chopsie

  • Posts: 1736
Re: Use of home as office
« Reply #21 on: March 01, 2010, 09:32:17 pm »
The taxman can go back 7 years but we can only go back 3.
Quote
Do not know if this is different,But I worked in construction,and an accountant is going back 6 years for all the lads i worked with(only 5 for me,as this is the amount of time i was with this firm).
chopsie

Ian Mason

Re: Use of home as office
« Reply #22 on: March 01, 2010, 09:39:00 pm »
The taxman can go back 7 years but we can only go back 3.
Quote
Do not know if this is different,But I worked in construction,and an accountant is going back 6 years for all the lads i worked with(only 5 for me,as this is the amount of time i was with this firm).

Are you sure you don`t  mean capital allowance?

williamx

Re: Use of home as office
« Reply #23 on: March 01, 2010, 09:54:51 pm »
hi hydro

thanks for the advice re rent claim in private home - I will check again with accountant, but did a recent course and I am sure this was allowable, have done a very quick internet search, and this link - scroll down to self employment seems to agree providing that room is SOLEY for your business - what do you think??

http://www.thetaxguide.co.uk/AllowableExpensesDeductions.html



that link is correct, with regard to claming for you rent or mortgage, the reason you cannot claim for these is because they are an expense you would have to pay for even if you where not self employed.

also if it was allowable, then all the self employed would up grade their home to something better because the taxman would be subsidising the rent/mortgage.

It is different of course if you are an MP though, then you can claim for everything, but I cannot see that happening because you only want to serve your community when you want to become a MP. :D :D ;D

williamx

Re: Use of home as office
« Reply #24 on: March 01, 2010, 09:57:45 pm »
it was on here a few weeks ago, when all the tax return questions where being asked,

personally i never claim for house bills,   i claim for fuel, resin, water and van and equipment,  business mobile (not house)


one thing i do know is if you get pulled by the tax man, he checks you for 5 years afterwards


The taxman can go back 7 years but we can only go back 3.

The taxman can only go back 6 years, that why you have to kept your records for, but when he does an investigation he will also look at the current year as well which is year 7