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Self Employment - With Workshop on our Property
Lisa1978
Posts: 317 Forumite
Morning All,
We have built a workshop in our garden from which my husband is doing some self employed work. I have read that mortgage interest can be a deductible expense. Can someone please advise? I am assuming it would only be a % of our overall mortgage interest and is there a good way of calculating same? Also is this only available if you work 'from inside the home' rather than in outbuildings on our site? Thank you.
We have built a workshop in our garden from which my husband is doing some self employed work. I have read that mortgage interest can be a deductible expense. Can someone please advise? I am assuming it would only be a % of our overall mortgage interest and is there a good way of calculating same? Also is this only available if you work 'from inside the home' rather than in outbuildings on our site? Thank you.
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Comments
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This would be better posted on the tax boards i think
2026 wins - Parker Pen, American Sweets bundle, dish magic bundle
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This has got 'can of worms' written all over it, unfortunately. What is the nature of the 'workshop' and has it been built specifically for business to be carried out within it?
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And it has been, with detailed responses to help the OP:marcia_ said:This would be better posted on the tax boards i think
https://forums.moneysavingexpert.com/discussion/6355803/newly-self-employed-with-workshop-on-our-home-grounds#
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