Thank you for your response. Can you please clarify for me: the residential council tax I pay is for the building which I rent out as a business (photography studio), can I write off this council tax as an expense.
Also, if I live in the building, but I rent out the entire space (100% of the property) as a business, can I still write all off the rent off as a business expense
The employees I hire are freelance, self employed contractors, not regular employees. What steps, if any, do I need to go through to claim the money I pay them as an expense-do I need them to sign anything, do I need to give them a payslip or keep some kind of a record of paying them? Many thanks
Ok, so if I lived in the building but I rented the space out from 0900-1700 everyday as a business, then I could claim roughly 50% of the rent, is that correct?
It goes by the space used not the time used. Part of the rent you pay to a landlord is an allowable expense if part of your house/flat is used solely for business purposes
Ok, if I lived in the space and the people use 100% of the space 365 days of the year, can I then claim the entire rent as an expense or still only a percentage?
Thanks, ***** ***** If I am self employed and I travel from my residence to work via the tube, can I claim that journey as a travel expense. I would use a pay as you go oyster card.
do you mean some kind of diary? I travel to the same work everyday.
so i cannot claim any allowance for travelling to and from work, unless it is a non-frequent place of work?
even if i am freelance, and self employed?
ok thank you very much for your advice