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HELP, morage interest question
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connor2425
Posts: 6 Forumite
in Cutting tax
what exactly can be claimed on this? I kniow some kind of interst can go down.
my business address is my home, I also had a interest only morgage for half of the year? can this be claimed?
my business address is my home, I also had a interest only morgage for half of the year? can this be claimed?
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Yes but it's not really a good idea as your home may be then liable for some capital gains tax on the business portion of the property. What sort of amounts are you looking at claiming as an expense?connor2425 wrote: »what exactly can be claimed on this? I kniow some kind of interst can go down.
my business address is my home, I also had a interest only morgage for half of the year? can this be claimed?:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
its 9 months at £5860
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I dont work from home to add, just a office, its just my business address0
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[STRIKE]It's not much so I'd go ahead and claim it as an expense.[/STRIKE]connor2425 wrote: »its 9 months at £586
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Then don't claim anything....you have no additional expenses.connor2425 wrote: »I dont work from home to add, just a office, its just my business address:footie: Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0
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