I'm an IT contractor and I'm a director of my ltd. company. The business is registered to my parents house but I'm currently living in a different residence, renting from a landlord. I do all my work for a managed services company which has different clients and I work from home for the majority of the time (I could technically work on-site at the client instead but there's very limited resources available there and reduces productivity).
I'm currently sorting out my accounts and I've been researching a bit about home office expenses & I came across this today: it's the IT69 leaflet (can't link URLs yet). Am I eligible for this allowance? I've also heard things like expensing 1/6th (or 1/3rd) of esb/gas bills is allowed but then this might have CGT implications and loss of PPR benefit? From my reading of the leaflet, any legitimate costs, including a portion of ESB, arising from eWorking would be ok.
I was also wondering that would expense claims like the above be affected if my lease that says you can't run a business from the dwelling (I wouldn't think so but from reading these forums it seems a bit ambiguous)? I'm not going to claim any of my personal rent as a business expense.
I'll be getting all this checked out by an accountant but I want to get an idea about it before I go.
I'm currently sorting out my accounts and I've been researching a bit about home office expenses & I came across this today: it's the IT69 leaflet (can't link URLs yet). Am I eligible for this allowance? I've also heard things like expensing 1/6th (or 1/3rd) of esb/gas bills is allowed but then this might have CGT implications and loss of PPR benefit? From my reading of the leaflet, any legitimate costs, including a portion of ESB, arising from eWorking would be ok.
I was also wondering that would expense claims like the above be affected if my lease that says you can't run a business from the dwelling (I wouldn't think so but from reading these forums it seems a bit ambiguous)? I'm not going to claim any of my personal rent as a business expense.
I'll be getting all this checked out by an accountant but I want to get an idea about it before I go.