HELP, morage interest question

connor2425

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?

HappyMJ

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?

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

its 9 months at £586

connor2425

I dont work from home to add, just a office, its just my business address

HappyMJ

connor2425 wrote: »

its 9 months at £586

[STRIKE]It's not much so I'd go ahead and claim it as an expense.[/STRIKE]
edit....

connor2425 wrote: »

I dont work from home to add, just a office, its just my business address

Then don't claim anything....you have no additional expenses.