Running business from home

bridiej

As a recently ex-employee of the Inland Revenue, I am concerned about the inaccuracies of some of the previous replies.

Business expenses must relate to the business.  With regards to heating, lighting, council tax, etc., you need to contact the Tax Office that your wife has registered with who will discuss her individual circumstances and advise her exactly what she can claim.  Working from home is not straight forward with regard to claimable expenses.  I should know, that is what I do now.

Remember, if at a later date your wife is found to have overclaimed expenses (whether intentionally or not), not only will she have to pay the underpaid tax and national insurance, but interest and possibly penalties too.

My accountant does it all for me!!

Rafter

Just to be clear, you cannot claim a percentage of your mortgage without making some of the increase in the value of your property subject to capital gains tax.

You need to be fair and as discussed, clear anything a bit 'grey' with your local tax office.