3Spoken

January 22, 2007

New ‘use of home’ rules for the self-employed

Filed under: Tax — NeilW @ 6:13 pm

HMRC have reinterpreted their rules on ‘use of home’ for the self-employed.

Now you can claim a proportion of the telephone line rental, council tax, insurance, Mortgage Interest/Rent and Repairs to the building (including decoration).

Full details of the rules here:
http://www.hmrc.gov.uk/manuals/bimmanual/BIM47800.htm

An excellent analysis of the rules by Nicola Ross Martin is on Accounting Web

Read and inwardly digest.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: