Can I charge my company rent? Under what circumstances and what expenses can I claim? Can I offset my mortgage? This is a guide to the tax considerations and implications of charging rent.

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Hi,

I didn't think that the £1k exemption was available to a close company in which they (or an associate) are a participator (i.e. relief can’t be claimed where a director charges their company rent for use of their home)?

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Yes, you are correct - my bad.

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So in your above example Gregg charges his limited company £3,500 a year for working out of his shed. Would he then have to declare that income on his personal tax return as income for property?

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Yes - the rental income is taxable. The £1,000 property income exemption would not apply as its his own company. Edited response.

Comment was last edited about 9 months ago by Alisha Hellard-Smith Alisha Hellard-Smith
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