Completing self assessment??

Lea74

Another quick question regarding using home as office. I have worked out my annual costs for my home, am I right in saying that I can claim the portion of my mortgage interest as a cost of my dedicated office?

Savvy_Sue

Lea74 wrote: »

Okay so I am like a bone with this one lol!! Maybe I should keep paying the class two NI as I have been in the UK for 8 years now and whilst retirement is a long way off (long way) I have only been contributing for 8 years so this would help towards my state pension right???

if you're already paying NI through your employment, there are rarely any benefits to paying it through your self employment, unless you're over the limit and have to do so.

It doesn't make one year worth two if you pay both sets.

jimmo

Lea74 wrote: »

Another quick question regarding using home as office. I have worked out my annual costs for my home, am I right in saying that I can claim the portion of my mortgage interest as a cost of my dedicated office?

Yes you are.
See the link below for confirmation and maybe a thing or two you have not thought of yet.
http://www.hmrc.gov.uk/manuals/bimmanual/BIM47820.htm

Lea74

jimmo wrote: »

Yes you are.
See the link below for confirmation and maybe a thing or two you have not thought of yet.
http://www.hmrc.gov.uk/manuals/bimmanual/BIM47820.htm

Thanks for that. After the reading the attached can I assume that I can apportion my council tax as well?