It should really be covered by business insurance - which would be an expense.
Best you will probably get is using home as office and claim the £6 a week or whatever it these days.
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Sole Trader - Taxable Expense Query
WatchingThePenniesMum
Posts: 5 Forumite
in Cutting tax
Just a quick question, can a sole trader who uses the home purely for storage of materials (in the garage) for use in his work claim for buildings and contents insurance on their tax return ?
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Is the house empty then?0
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I really suspect not.WatchingThePenniesMum said:Just a quick question, can a sole trader who uses the home purely for storage of materials (in the garage) for use in his work claim for buildings and contents insurance on their tax return ?
Has the work equipment been declared to the insurer?0 -
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Only the part relating to the materials.
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Would your home insurance be any cheaper without this being covered? I doubt it.No free lunch, and no free laptop
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Are they covered as in have been declared or has OP just assumed they are covered?
the value of the 'materials' will also be relevant..1
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