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Can I offset the cost of my home office against profits?

L

lookingforadvice

Member
Verified Member
I am currently employed by my own business and will be looking at a Home Office in the not too distant future. Do I offset the cost of the Home Office against my personal tax or do I offset it against the profits made by my company?
 
Needhelp

Needhelp

Active Member
Verified Member
Put everything through the business if it is to do with your employment. Dont be tempted to pay for it yourself and claim it back - this will impact your cashflow. If you business is struggling with cash then give you business a loan - transferred into the business account - so everything can still be bought through the company. Once you start paying for stuff and claiming it back you are at the beck and call of HMRC regs which can be different for companies and ligitimate expenses.
 
RaymondGalla

RaymondGalla

New Member
I also started working in my own office recently, and I have had the same question. A big thank you to the user Needhelp for explaining everything.
 
Tracey2trn

Tracey2trn

New Member
Thanks for the help I had the same question. I have been creating websites from scratch for several years now and decided to get an office in order to be more available for my clients. Personally, I prefer face-to-face meetings because it creates more trust and makes it easier for me to understand what kind of product the client wants. Furniture in your office is also an important part of your image, which is why I wanted to approach this matter while being well-informed. Following the advice of an old friend who has had his own business for a long time, I decided to order furniture for my office here https://furnicraft-ae.com/ and I was completely satisfied with the quality of the items I got - they look stylish and sturdy at the same time. I'm sure my clients like it too.
 
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