Hi guys newbie here, been a landlord over 10 years with 3 BTL properties learnt a few things or two over the years and have slowly perfected the skill of using as much of my tax allowance where possible almost!
, as we draw closer to the deadline of the 31st Jan, wanted to dot the i's and cross the T's before i hand in my self assessment and was wondering can i claim for office expense as i use my study/office room at home to do a lot of the A to Z work on running 3 of my BTL's. Managed to find the following from the HMRC
3. Working from home
Calculate your allowable expenses using a flat rate based on the hours you work from home each month.
This means you don’t have to work out the proportion of personal and business use for your home, eg how much of your utility bills are for business.
The flat rate doesn’t include telephone or internet expenses. You can claim the business proportion of these bills by working out the actual costs.
You can only use simplified expenses if you work for 25 hours or more a month from home.
but dont know if this applies to me?? im aware i can claim for stationary paper/printer ink/ phone calls/ internet costs at a % etc etc. i would say i use the office around on average 20 odd hours per month for BTL's purposes, any help would be appreciated .
many thanks.gif)
https://www.property118.com/claiming...ndlords/29305/
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3. Working from home
Calculate your allowable expenses using a flat rate based on the hours you work from home each month.
This means you don’t have to work out the proportion of personal and business use for your home, eg how much of your utility bills are for business.
The flat rate doesn’t include telephone or internet expenses. You can claim the business proportion of these bills by working out the actual costs.
You can only use simplified expenses if you work for 25 hours or more a month from home.
25 to 50 | £10 |
51 to 100 | £18 |
101 and more | £26 |
many thanks
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https://www.property118.com/claiming...ndlords/29305/
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