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I have an online limited company and I'm using my home as my office. I have make other bedroom the workplace. Just wondering if I can pay a part of my rent from my business bank account? Will it be legal and justifiable?
Thanks in advance
All provided of course that -
- the management company and the landlord have agreed in advance to have the address used as the company's registered offices (if that's the case)
- they have agreed to have commercial activities conducted from within a residential property
- the general public, the management company and other owners / residents / tenants are indemnified against potential loss / damage / hazards caused by commercial activities in a residential property
- that the local authority impose no restrictions based on an application for change of use from residential to commercial
- the landlord agrees to have commercial rates levied against the property by the local authority.
Are you going to declare the rent as an income personally? I assume yes so therefore is it not a robbing Peter to pay Paul situation?
I have no idea if Revenue will be interested and I didn't refer to them in my post, but I did list the other people / organisations who have a vested / legal interest in the fact that you're using someone else's residential property for commercial activities.... And If I don't do all this, will revenue catch my neck sometimes later?
Firstly, thinkbiz never said he was going to use the property as his registered business address. Use your accountants. He may charge a small fee for this.
Secondly, while what you do say may be correct for an operation with stock and customer/suppliers visiting the premises, thinkbiz is conducting everything over the internet. He should be fine.
Revenue will need to see you declare the rent if you want to get a deduction for it.
He never said one way or the other, which is why I originally said -Firstly, thinkbiz never said he was going to use the property as his registered business address...
- the management company and the landlord have agreed in advance to have the address used as the company's registered offices (if that's the case)
OP hasn't specifically said what he is doing other than running a business from someone else's property, apparently without permission, so everything I've posted is still valid, unless you have additional information not posted here.... Secondly, while what you do say may be correct for an operation with stock and customer/suppliers visiting the premises, thinkbiz is conducting everything over the internet ...
I don't know what that means. Is it "fine" because no-one knows what he is doing in someone else's property, or "fine" because no-one will object when they find out?... He should be fine...
He doesn't own the property
Ok. Here is the whole story
I have an online business. I have an office as well (Other than my apartment ofcourse). However my apartment is my company's registered address and I also use my apartment as my office sometimes ( the other bed-room).
First, Do I need to check with my landlord to have my apartment as my company's registered address even though it is not my business address.
Second, what are the consequences if I do not ask anything from my landlord and continue to use the apartment as my company's registered address as well as pay 1/3 of the rent by my business bank account.
Please advise. And thanks a million
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