Q&A

Answer a question


11 April 2011

We are intending to have an extension built onto the side of our property this year incorperating my home office (approx 30%)

The remainder of the extension will be to enlarge our lounge / dining room and for a small ground floor cloakroom. What proportion (if any) can I utilise to offset my 2011/2012 income tax? I already partly work from home using the 3rd bedroom. I am self employed and the company is me 'trading as', VAT registered with just 2 staff. Any advise very much appreciated, it would be a pity if I couldn't get any tax benefits from this!! Paul

  • REPORT This comment has been reported.

2 Answers

Answers

Be the first to answer

Do you want to answer this question? You need to be signed in for this feature

Answer a question

Be the first to ask a question

  • {{ question.title }}

    {{ question.authorName }} On

    {{ question.answerCount }} Answers

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom.


Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards.


While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.