I'm a sole trader. I've had a huge switch-around in work. Previously all work would have been in person, and I have an office in town that I worked in. But since lockdown in March, everything has moved online, and it's been quite a success.
So I'm asking myself why am I paying rent on an office that I no longer use - why don't I stay as I am, working from home, forever? Seeing it's working really well and most people find it more convenient.
But of course my home isn't set up as a workplace so I've been using a spare room. Except that others would like to use it too.
So if I were to convert the attic into a dedicated workspace.... would that be tax-deductible? It'd keep me away from inadvertent interruptions, and give the family back the spare room, and I'd be happy to have a proper office again. Anyone know?
So I'm asking myself why am I paying rent on an office that I no longer use - why don't I stay as I am, working from home, forever? Seeing it's working really well and most people find it more convenient.
But of course my home isn't set up as a workplace so I've been using a spare room. Except that others would like to use it too.
So if I were to convert the attic into a dedicated workspace.... would that be tax-deductible? It'd keep me away from inadvertent interruptions, and give the family back the spare room, and I'd be happy to have a proper office again. Anyone know?